Press Release30 August 2017
JLL Real Views – By
When it comes to competition among the world’s top hotel markets, it’s going to take a lot to rival London and Paris. These two long-term favorites attract 30 percent of all hotel investment. Yet that’s not to say that fast growing cities in Asia and the Middle East aren’t rapidly gaining ground.
The likes of Dubai, Beijing, Bangkok, Shanghai and Guangzhou are the world’s most dynamic emerging markets with huge potential for future growth.
“Shanghai and Beijing already rank among the top largest hotel markets and investment destinations,” says Jeremy Kelly, Director, Global Research at JLL. “Bangkok and Dubai are a little behind but attract a growing share of global capital at just short of $1 billion of investment in the past three years. This dynamic group is the one to watch as the cities’ hotel markets continue to grow and mature in the future.”
Indeed Shanghai and Beijing have already expanded to become the second and third largest markets in terms of number of rooms – only behind Las Vegas. Dubai is also a market to watch; its hotels market is set to expand by 50 percent in the next few years.
Yet for all the potential, investment is still lagging. Together the Rising Giants only account for 5 percent of global hotel investment. Watch the video above to find out more.
About JLL’s Hotels & Hospitality Group
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. AFortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.co.uk