Visitors from China and Japan account for a sizeable share of international travelers into the U.S., but in recent years COVID-induced travel bans caused trans-Pacific travel to nearly halt. Last winter, the number of inbound travelers from China and Japan hovered around 5% of 2019 levels. As restrictions have fallen away, notably the U.S. no longer requiring a negative COVID test beginning last June, travel from China and Japan has steadily increased.

The return of East Asian visitors will be a plus for the American hotels, especially in Hawaii, major West Coast markets, and premier leisure destinations like Las Vegas and Orlando. In addition to the hotel market’s surprising resilience in recent quarters, we expect further demand growth, especially from visitors from China and Japan, as more travel restrictions ease.

Source: CBRE HotelsSource: CBRE Hotels
Source: CBRE Hotels

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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at

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