What are the hot markets? Where are investors planning to develop or acquire? Find the answers in our latest Hotel Investor Sentiment Survey.
Browse global and regional snapshots on this site or get the full HISS report.
Global Highlights
- Investors’ near-term sentiment for trading globally has increased over the past six months with investor short term expectations up 5.4 percentage points to 63.2%. Medium term sentiment softened by a modest 5.5 percentage points to 61.1%.
- Fundamentals remain strong as access to capital continues to improve and investors move ahead. Markets that had been less active are witnessing increasing activity.
- Major gateways rank highest for short term trading at 68.8% followed by EMEA at 65.6%. Over the medium term, investors favour hotel markets in EMEA at 72.9% and major gateways at 65.9%.
- Globally investors’ primary strategy over the next six months is acquisition at 40.3%, disposal at 31.1% and development at 28.3%.
- Investor expectations for global leveraged IRRs recorded a 130 basis point increase to 16.4%. Leveraged IRR expectations are lowest for Asia Pacific at 12.8% and highest for the Americas at 18.0%.
- Global cap rate expectations recorded a 10 basis point bump averaging 7.2%. Cap rate expectations are lowest for the major gateways at 6.6% and EMEA at 6.8%. Investors expect global cap rates to contract slightly over the next six months with the downward trend most evident in the Americas.
Full research