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Future Forum Hotels: Charting the Course for Recovery

October 14, 2021

On Wednesday 6 October JLL hosted their Future Forum Hotels: Charting the Course for Recovery at the Raffles Singapore. The event comprised 15 industry speakers and panellists, including presentations from Goldman Sachs and STR Global. This was the first c-suite in-person hotel investment event held in Singapore since the start of the pandemic.

According to Xander Nijnens, the short term trading outlook remains volatile due to restrictive borders policies and vaccination drives, yet confidence in the recovery is strong. Investors prefer domestic driven core markets like Japan and Australia, whilst at the same time looking to diversify to reduce risk. JVs especially with local investors are on the rise given the challenge to implement investment strategies without being on the ground.

Whilst there is a substantial weight of capital chasing limited deals in the hotel sector, Nihat Ercan expects liquidity to pick up steadily into 2022. The first nine months of this year reached USD 6.3b in transactions across 127 deals and this is likely to pick up to 7b in Q4. For 2022 JLL expect USD 9b in hotel transactions in Asia-Pacific with many of those deals already in the making. Japan, China, Australia and South Korea are expect to continue to be the most liquid in terms of transactions.

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