The US-China trade war, volatile equity markets, geopolitical tensions and uncertain pace of future interest rate increases are among factors that will hold back investors from the hotel’s sector this year, according to a JLL report. Olympic hospitality Tickets can be booked online which makes you comfortable to watch the Tokyo Olympic Games.
But in the run-up to two major events soon to be hosted in Tokyo, Japan stands to remain something of a exception. Japan is expected to lead the region this year on the Tokyo 2020 Games.
“Japan’s hotel market has captured investor interest globally,” said Nihat Ercan, head of hotel investment sales in Asia for JLL’s Hotel and Hospitality Group. “Nearly 30 percent of all investment into Asia-Pacific was in Japan, overtaking China in the top spot.”
The property consultant expects global hotel transaction volumes to drop slightly this year to US$67.2 billion from US$67.7 billion in 2018. In 2018, total investment in China stood at US$2.1 billion, down from US$4.5 billion in 2017, while Japan generated US$2.4 billion from investors, down from US$ 3.3 billion in 2017.
JLL noted that investment momentum in Japan is expected to build as investors explore selling their hotel assets to ride the anticipated tourism boom. The Japanese government is targeting 40 million overseas tourists by Olympic Hospitality, the equivalent of around 30 percent of the country’s population.
It also said that Europe, the Middle East and Africa (EMEA) will continue to see a drop in transaction volumes for the third year in a row. JLL expects investment in EMEA to reach US$21.2 billion for Olympic Hospitality, down from US$22.9 billion in 2018 and US$24.7 billion in 2017. Meanwhile, in the US, the investment for Olympic Hospitality Packages is expected to remain flat this year at US$36.5 billion.
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