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Showing posts from May, 2023

Hotels in Asia Pacific are seeing rate increases, with Osaka leading the way.

  Hotels in the Asia Pacific region, according to STR Global, had mostly positive results in July when reported in US dollars.  homes The region's occupancy increased by 0.3 percent to 70.0 percent in July 2014; its average daily rate increased by 0.2 percent to US$112.44; and revenue per available room increased by 0.5 percent to US$78.73. "On a 12-month moving average basis, supply has increased by 3.7 percent while demand has increased by 4.8 percent in Asia Pacific," said Elizabeth Winkle, managing director of STR Global. "As a result of demand outpacing supply, we are seeing positive occupancy growth (+1.1%) in the area, with a 68.6 percent occupancy rate." Osaka has seen a solid rise in rate year to date (+16.6%) and one of the fastest RevPAR growths for the month (+18.9%) in local currency. Due to the depreciation of the yen and general economic growth, the city and Japan as a whole are improving," Winkle said. "Year-to-date RevPAR growth wa...

Global commercial investment increased by 13% in the third quarter compared to the previous year.

  According to JLL, increased capital allocation levels into direct real estate helped drive global real estate investment volumes to $165 billion in Q3 2014, up 4% from Q2 2014 and 13% from Q3 2013. This has increased global 2014 year-to-date (YTD) volumes to $463 billion, up 23% from $378 billion in the first three quarters of 2013.  properties "Global commercial property markets continue to see elevated investor activity, with both prime and secondary opportunities drawing significant competition and interest from clients," said Arthur de Haast, JLL's Lead Director International Capital Group. "Given the amount of equity still sitting on the sidelines waiting to be deployed, overall volumes this year are on track to hit $700 billion, a level last seen in 2006." JLL's Global Capital Markets Research Director, David Green-Morgan, said, "The recovery in occupier demand in 2014 continues to provide a positive tailwind for investment markets. Since th...

The total amount of commercial investment in the world has surpassed $788 billion dollars.

  According to Cushman & Wakefield's recent 'Winning in Growth Cities' survey, New York received the most commercial real estate investment in the previous year, with global real estate investment volumes rising 17.2 percent to $788 billion. While a few cities continue to dominate, as investors' risk tolerances relax, activity is expanding to a growing number of global markets.  qatar dale In the year leading up to Q2 2014, $55.4 billion was spent in New York, accounting for 7% of global market share. London, with $47.3 billion in investment, has closed the gap on New York, with a 40.5 percent growth in activity; it is now the world's largest cross-border investment sector. Tokyo ($35.5 billion) reclaims third place from Los Angeles ($33.1 billion), which drops to fourth, and San Francisco ($23.8 billion) rounds out the top five cities. For the fourth straight year, New York is the world's largest real estate investment market, with volumes that 10.9 per...