Which Cities are the Rising Giants of the Hotel Industry?
August 29, 2017 7:17am
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.
top hotel markets,
jll real views
Real Views is a news site from JLL that features stories exploring the world of real estate and its impact on the wider business world. Our authors and contributors, from within and outside of JLL, provide expert insights that create stimulating conversations to help you make informed decisions.
What Do Guests Want From a Modern City Hotel?
Can Saudi Arabia Build a Popular Tourist Destination?
Airport Hotels: The Stylish New Models Near the Runway
Business Model Innovation: Beyond the Traditional Way of Innovating in Hospitality
How Hotels Are Turning Day-Trippers Into Overnighters
Why Affordable Luxury Hotel Brands are Heading to Asia
Why Pop-Up Hotels Are In Fashion
How Boutique Hotels are Delivering Their Own Brand of Luxury
Why Hotels Are Setting up Shop in Suburban Shopping Centers
Why Hotels Are Getting on Board With Sustainable Development
All-Inclusive Hotels Have a New Look for a New Era
Sky High Demand: The Surge in Skyscraper Hotels
Why Good Food is Increasingly on the Menu at Hotels
The Draw of Art in Modern Hotels
Why Hotels and Home Rentals are Moving Forward Together
Brexit Begins: What are the Areas to Watch for Real Estate?
Why Hotels are Charging Up for Electric Vehicles
Hotels Take a Fresh Look at Communal Spaces
Data Centers Prepare for Tomorrow’s Zettabytes
Why Prefab Building Methods Stack up for Hotels
Please login or register to post a comment.