Asia Pacific: Hotel Investors Remain Bullish | Jones Lang LaSalle Reports
The global credit markets shakeout has had little impact on sentiment for hotel investment in Asia Pacific with total hotel transaction volume increasing by 90.2% over 2006 to reach US$11.6 billion to date during 2007. Jones Lang LaSalle Hotels’ recently released Hotel Investor Sentiment Survey (“HISS”) highlights investors’ ongoing enthusiasm for the hotel sector in both Australia and throughout Asia Pacific. Hotel transaction activity in Australia has reached AU$1.4 billion for 2007 year to date, surpassing the 2006 total of AU$1.2 billion.