Singapore helps drive strong Asian hotel investments
But is this matched by quality?
According to a Jones Lang LaSalle sponsored index, hotel investments in Asia Pacific are no longer the high risk ventures they once were, in fact, hotel investments in the region have hit their highest level since 2008. With lowering risk and increasing returns, investor demand has risen with a whopping 85% increase in hotel transaction volumes recorded in the first half of 2013.
By Oliver Ellerton
According to the report, opportunities in emerging markets coupled with increased investment into established markets such as Hong Kong and Singapore has helped drive this growth. Singapore in particular has seen continued investments in its hospitality sector with a CAGR (Compound Annual Growth Rate) of 10.96% since 2008 according to Timetric. The announcement of affordable hotel brand Yotel making its Asia debut in Singapore in 2018 and the recent opening of InterContinental Hotels Group (IHG) Holiday Inn Express brand on Orchard Road reflect the rising tourist numbers coming into Singapore as well as increased price competition.
In the Singapore Tourism Board’s (STB) 2012 annual report, its Chairman, Chew Choon Seng, emphasised a shift from numbers to ‘hospitality, service standards, innovative developments and rejuvenation of older attractions, with the aim of offering visitors and experience that will commensurate with higher expectations.’. But with such an increase in inventory and tourist numbers, has the quality of the hospitality offering kept up with its growth? Tell us about your own experiences, good or bad. Drop us a line through Twitter: @insideinvestor using the hashtag #askii.
[caption id="attachment_12774" align="alignleft" width="300"] The Singapore hospitality sector continues to grow[/caption] But is this matched by quality? According to a Jones Lang LaSalle sponsored index, hotel investments in Asia Pacific are no longer the high risk ventures they once were, in fact, hotel investments in the region have hit their highest level since 2008. With lowering risk and increasing returns, investor demand has risen with a whopping 85% increase in hotel transaction volumes recorded in the first half of 2013. By Oliver Ellerton According to the report, opportunities in emerging markets coupled with increased investment into established markets such as...
But is this matched by quality?
According to a Jones Lang LaSalle sponsored index, hotel investments in Asia Pacific are no longer the high risk ventures they once were, in fact, hotel investments in the region have hit their highest level since 2008. With lowering risk and increasing returns, investor demand has risen with a whopping 85% increase in hotel transaction volumes recorded in the first half of 2013.
By Oliver Ellerton
According to the report, opportunities in emerging markets coupled with increased investment into established markets such as Hong Kong and Singapore has helped drive this growth. Singapore in particular has seen continued investments in its hospitality sector with a CAGR (Compound Annual Growth Rate) of 10.96% since 2008 according to Timetric. The announcement of affordable hotel brand Yotel making its Asia debut in Singapore in 2018 and the recent opening of InterContinental Hotels Group (IHG) Holiday Inn Express brand on Orchard Road reflect the rising tourist numbers coming into Singapore as well as increased price competition.
In the Singapore Tourism Board’s (STB) 2012 annual report, its Chairman, Chew Choon Seng, emphasised a shift from numbers to ‘hospitality, service standards, innovative developments and rejuvenation of older attractions, with the aim of offering visitors and experience that will commensurate with higher expectations.’. But with such an increase in inventory and tourist numbers, has the quality of the hospitality offering kept up with its growth? Tell us about your own experiences, good or bad. Drop us a line through Twitter: @insideinvestor using the hashtag #askii.
