31 Jan '13, 9am

LaSalle optimistic on Asia's hotel sector | CommercialGuru

Asia Pacific’s (APAC) hotel sector is expected to have a rosy outlook, as a result of favourable demand-supply dynamics throughout most of the region, according to LaSalle Investment Management Inc (LaSalle), a member of the Jones Lang LaSalle (JLL) group. JLL’s white paper on the sector entitled ‘Asia Pacific Hotels Opportunities & Risks’ revealed that “usually, only opportunistic investors invest in hotels as they are a volatile asset class.” While hotels expose investors to operating risks, LaSalle believes that certain types of hotels offer stable core-like income in the medium to long term. “Robust economic growth in key markets, led by China and Southeast Asia, has helped boost the size of the middle-income population. In turn, this has fuelled the propensity to travel and generated new demand for better quality accommodation and infrastructure,” said Paul Guest, Asi...

Full article: http://www.commercialguru.com.sg/property-management-news...

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