Asian investors to continue key role in hotel deals outside region: EY report
China was one of Asia's most active hotel buyers in 2014, followed by Japan and Singapore
Add BT as a preferred source
Nisha Ramchandani
Singapore
CROSS-BORDER capital is becoming more prevalent when it comes to mergers and acquisitions (M&A) in the hospitality industry, with the flow of money from Asia into North America, Europe and Australia expected to continue rising.
Some 41.2 per cent of global hotel investments in the first 10 months of 2014 were backed by cross-border capital, rising from 34.7 per cent in 2013, according to EY's Global Hospitality Insights: Top thoughts for 2015 report.
TRENDING NOW
Canada’s fight with the US has far bigger stakes than trade
‘The answers are all uncertain’: True Singapore ex-employees in limbo over salaries, CPF contributions for September
DBS chief Tan Su Shan rules out entering politics, calls for diverse talent to boost policy debate
True Fitness, True Yoga close all outlets; liquidators start winding-up process
