- Despite steady hotel performance and strong investor demand, Asia Pacific hotel investment transaction volume continued to decline as activity was constrained by the lack of stock for sale.
- Investment activity in Korea recovered as several mid-range hotels changed hands amid heightened interest from local and foreign investors.
- Local and foreign investors displayed robust demand for hotels in Thailand as the recent decline in Chinese tourists failed to dent market sentiment.
- Market sentiment in Singapore strengthened on the back of solid hotel performance and the continued growth in tourism arrivals.
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