Looking back: A year of deals in the Asia-Pacific hotel sector and the rise of Cambodia
- Eco News
- Jul 7
- 1 min read
2024 proved to be a pivotal year for the hotel sector in Asia-Pacific (APAC), with a record increase in hotel transactions and a promising recovery in tourism.
This dynamic environment not only highlighted the strength of established markets such as Japan, China, and Australia, but also underscored the growing importance of emerging players such as Cambodia. As the region’s hotel landscape evolves, Cambodia’s increasing sophistication and strategic initiatives are positioning it as an attractive destination for investors and travelers alike.
Hotel transactions in the APAC region in 2024: a record increase
The APAC hotel market experienced a remarkable recovery in 2024, with total hotel transaction volume reaching $12.2 billion, an increase of 4.3% from the $11.7 billion recorded in 2023. This growth was driven by several key factors:
Japan’s solid fundamentals and strong private equity transaction activity.
Increased liquidity and investment activity in India, South Korea, and Thailand.
A significant share of cross-border investments, accounting for around a quarter of all transactions, driven by currency fluctuations that made assets more affordable for foreign capital and a strong recovery in international tourism.
Major regional hubs such as Singapore, Hong Kong, Tokyo, and Shanghai dominated transaction volumes, reflecting APAC’s role as a global leader in cross-border capital flows.
Experts predict that with improving economic fundamentals and expected declines in global interest rates, transactions in the hotel sector will increase in 2025, providing more opportunities for buyers and sellers.
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