Commercial Hotel

26 Feb 21
The property firm's revenue fell by 38.5% for FY 2020.
25 Feb 21
But the outlook for the hotel industry in Singapore in the immediate term remains cloudy.
25 Feb 21
Melbourne's hotel occupancies declined to a historic low of just 20.4% in September 2020.
25 Feb 21
Around 6% of deals were put off in 2020.
18 Feb 21
Only 14% anticipate buying hotel assets in the same time frame.
28 Dec 20
China is forecast to overtake the US as the world’s largest economy by mid-2030.
7 Dec 20
This is only 2.5% of Sydney’s total room stock.
5 Nov 20
Occupancy rates and average daily rates hit historic lows of 15.8% and USD 45.50, respectively.
2 Oct 20
Hospitality REITs have led the decline over other major REIT sectors such as office (-27%) and retail (-31%) in H1.
25 Sep 20
Average daily rate is depressing at US$50.
6 Sep 20
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....
25 Aug 20
The COVID shock was most apparent in April as occupancy dropped to 21.8%.
21 Aug 20
The most liquid markets were Japan and South Korea.
14 Aug 20
But volumes have yet to hit 2008/09 lows.