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Asia-Pac hotel investment hits 5-year high in 2013
But lower transaction volume expected for S'pore this year
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Nisha Ramchandani
Published Wed, Aug 20, 2014 · 10:00 PM
[SINGAPORE] Investing in Asia-Pacific hotels seemed the thing to do last year, with the hospitality investment market in the region hitting a five-year high on a transaction volume of US$12.83 billion.
This was 30 per cent higher than the figure for 2012, said real estate services firm Cushman & Wakefield in its report on hotel markets across 17 gateway cities and prime destinations in Asia and Australia.
China was the largest market last year, followed closely by Singapore.
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