Hotel investors flock to Asia amid robust tourism growth

08/20/2013 | HotelNewsNow.com

A number of Asian countries -- particularly the Maldives, Hong Kong, Singapore, Japan and Thailand -- are experiencing a surge in hotel transactions amid growth in their tourism industries. Jones Lang LaSalle's Hotels & Hospitality Group reports that hotel acquisitions in Asia during the first half of 2013 rose 85% from the previous year, to $1.3 billion, and are forecast to reach $5 billion by the end of the year. "Most of the parties that are attracted to this part of the world are chasing that economic growth story. They're investing where we have that rise in the middle class and where there are genuine opportunities for the hotel sector, where new hotels are needed," said Mike Batchelor, a managing director at Jones Lang LaSalle.

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