Commercial Hotel
Doom and gloom: Japanese hotels brace for grim short-term outlook
Doom and gloom: Japanese hotels brace for grim short-term outlook
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.
Sydney hotels' occupancy rates down to 66.6% in the year ending June 2020
The COVID shock was most apparent in April as occupancy dropped to 21.8%.
Hotel investment sales in Asia plummet 71.7% to US$1b in Q2
The most liquid markets were Japan and South Korea.
Real estate investments in APAC hotel, retail sectors plummet by up to 61%
But volumes have yet to hit 2008/09 lows.
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