jll hotels & hospitality group

/Tag: jll hotels & hospitality group

jll hotels & hospitality group

U.S. Hotel Deal Pace Going Strong

JLL | June 6, 2018

South Florida single-asset hotel trades to reach $2 billion by year-end, matching 2015 peak NEW YORK, June 5, 2018 – In the first trimester of 2018, U.S. hotel transaction volumes reached more than $11.9 billion – a 93.0 percent increase over last year, according to preliminary figures released by JLL. Deal pace is driven by South Florida and West Coast markets including Hawaii, resort properties, and portfolios of prime full service hotels. The exceptional transactions activity to date is underpinned by the acceleration in performance growth. Cap rates sharpened further due to the high profile of assets transacted and ongoi...

Why Investors Are Taking Note of Japan’s Tourism Boom

May 25, 2018

With tourism in Japan booming and the 2020 Olympic Games on the horizon, investors have been taking a closer look at the country's hotels. Over 25.5 million travelers descended on Japan in 2017, up 19 percent from the previous year, according to the Japan National Tourist Organization. A huge jump from 2011, when just 6.2 million overseas tourists were recorded. "Tourism demand is expected to grow significantly towards the 2020 Tokyo Olympic Games," said Kei Sumiyoshi of JLL Hotels & Hospitality Group. Amid the influx, "Asian investors led by China remain keenly interested in hotel investment." Surging tourism around the world has b...

Can Japan’s Hotels Keep Up With Soaring Demand?

Jll Real Views | October 26, 2017

By Serene Lim Tourism is booming like never before in the Land of the Rising Sun as visitors flock from across Asia and further afield. While rising numbers are in line with government plans to welcome 60 million tourists by 2030 to help offset struggling areas of the Japanese economy, the hotel industry faces in own challenges in keeping up with growing demand for rooms. Last year, hotel construction starts doubled to 1.96 million square metres, reaching an 18 year high. Major hotel operators are rushing to open before the Tokyo Olympics in 2020 – Marriott leads the pack with five properties as it rebrands existing hotels. Meanwh...

As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.