Asia Hotel Valuation Index 2007 | HVS International
With the sustained growth of the hospitality and lodging industry, 2006 carried the torch of what 2005 left off with hotels across Asia posting healthier occupancies and robust growths in room rates. Fuelled by a confluence of burgeoning economies, buoyant equity markets and flourishing hotel industry, Asian stock exchanges have welcomed the listing of several hotelcentric real estate investment trusts (‘REITs’), notably the Japan...
With the sustained growth of the hospitality and lodging industry, 2006 carried the torch of what 2005 left off with hotels across Asia posting healthier occupancies and robust growths in room rates. Fuelled by a confluence of burgeoning economies, buoyant equity markets and flourishing hotel industry, Asian stock exchanges have welcomed the listing of several hotelcentric real estate investment trusts (‘REITs’), notably the Japan Hotel and Resort, Inc, Nippon Hotel Fund Investment and Singapore’s first hospitality-related REIT, the CDL Hospitality Trust. This follows hotly on the heels on the launch of first Pan- Asian serviced residences REIT by The Ascott Group in 2005. In Hong Kong, Regal Hotel International Holdings is expected to package five of its hotels and list the territory’s first REIT backed by hospitality assets in early 2007. Click below link to download report.