Among the countries in the region, Bangladesh, reported the largest expected room supply growth (+254.1 percent) if all 4,271 rooms Under Contract open.
Transaction volumes in the Asia Pacific hotels market totalled US$3.9 billion during the first six months of 2014, up 6.5 percent on the same period in 2013, according to JLLs latest Hotel Investment Highlights Report. Asian hotel markets recorded the lions share of activity with sales totalling US$3.5 billion, compared to Australasias US$0.6 billion. Japan ($1.0 billion) and China ($1.0 billion) dominated, accounting for 60 percent of Asian deal flow.
Singapore hotel industry increases 0.9% in occupancy to 82.5 percent in September
Bangalore based real estate major, Expat Group, has announced a partnership with Wyndham Hotel Group for their brand Ramada, to develop a set of three, top of the line resorts, at their weekend home projects located at Pali (Mumbai), Lonere (Pune) and Dharmapuri (Bangalore).
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