LOS ANGELES—Tourist arrival figures in Asia grew more than 5% in 2012, and in Southeast Asia they grew 9.9%. But investment in Asian hotels grew just 1.13% for the same period to reach $5.5 billion.
These statistics are from the latest CBRE Hotels MarketView report. CBRE focused exclusively on the hospitality industry, provides the latest research and analysis.
Among other findings reported, a pipeline of 380,000 rooms under development will continue to feed the market. Last year saw market recoveries in Japan and Thailand, while Myanmar, Cambodia, Laos and Vietnam are expected to experience rapid growth in tourism.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
