Asia Pacific hotel investments cool in 1H2023: JLL
to 3Q2023 Hotel transactions in Asia Pacific plunged 51% in 1H2023, according to a research report by JLL. The decline was due to macroeconomic challenges and the increasing cost of debt, in spite of supportive market fundamentals. China experienced a drop of 76% y-o-y to US$300 million, while Singapore saw a 95% y-o-y plunge to […]