According to CBRE, the hotel market in the Asia Pacific region is undergoing significant structural changes. Hotel owners and operators are adjusting their operational and branding strategies in response to increased labor and utility costs, limited new supply, and the extended peak of the interest rate cycle.
Major global hotel operators are expanding rapidly in the region. Nearly half of the new hotels in the development pipeline are being developed in partnership with five major hotel groups: Marriott (60,566 rooms), Accor (47,052…
