On January 2nd, the boutique hotel in the "Winning Wine Glass" of Kunming's old building is in trial operation. The two curved buildings in front of the Victory Memorial Hall of Anti-Japanese War in Kunming are called "victory wine glasses" because they look like wine glasses. They are one of the landmark buildings in Kunming. China News Agency reporter Ren Dongshe
China News Agency, Beijing, February 26 (Reporter Yan Xiaohong) The latest report data released by Jones Lang LaSalle on the 26th shows that entering 2020, the outbreak of the new crown pneumonia epidemic will have a significant impact on the hotel investment market in the short term. The market is even worse. However, in the medium and long term, the domestic hotel trading market will remain stable. The trading and operating performance of hotels affected by the epidemic will recover in the second half of the year.
Hotel investment in the Asia-Pacific region has been outstanding in 2019, with hotel investment at a record high of US $ 12.7 billion, an increase of 44% year-on-year.
In terms of hotel investment liquidity in the Asia-Pacific region, China is the third largest market after Japan and Singapore. In the Asia-Pacific region's total hotel investment in 2019, the Chinese market contributed approximately 11%, with a total transaction value of approximately US $ 1.4 billion. The transaction in 2019 continues the trend of investors in transforming the use of old hotels in recent years, but at the same time investors are also favoring hotel assets.
Jones Lang LaSalle said that the Chinese market will face a severe test in 2020. It is expected that most of the hotel investment activities in the first half of the year will slow down, but in the medium and long term, the domestic hotel trading market will remain stable.
Jones Lang LaSalle said that after the new crown pneumonia epidemic is effectively controlled, the demand for domestic tourism will rebound first, which will promote the hotel industry to resume a healthy situation. At the same time, as private equity and institutional investors still have asset allocation needs, hotel investment activities will recover in the second half of 2020. It is understood that some major hotel transactions are still proceeding as planned. (Finish)