Commercial Hotel

Notable upcoming openings include lyf Raja Chulan Kuala Lumpur and Crowne Plaza Kuala Lumpur City Centre.

These two projects will bring a total of 542 new rooms to the market.

The midscale segment will account for 42% of the new supply.

The number of incoming international visitors will not recover to 30 million annually anytime soon.

The 48.8% occupancy in March 2021 is slightly higher compared to last year.

Hotel investment transactions fell 55% to US$7.5b over the last 12 months.

They are beginning to establish acquisition strategies for this year.

The distressed opportunities make great entry points into Japan’s promising hospitality market.

Stakeholders in Melbourne’s property markets have reason to be optimistic.

The property firm's revenue fell by 38.5% for FY 2020.

But the outlook for the hotel industry in Singapore in the immediate term remains cloudy.

Melbourne's hotel occupancies declined to a historic low of just 20.4% in September 2020.

Around 6% of deals were put off in 2020.

Only 14% anticipate buying hotel assets in the same time frame.

Japan now has a record supply of new hotel rooms that will be left empty as international visitors decline 76.3% over the first half of 2019.

The COVID shock was most apparent in April as occupancy dropped to 21.8%.