HOT TOPICS

•Global economic growth outlook remains positive on the back of a fine showing in 207 due to strong fundamentals.

 

•UNWTO projects global demand for international tourism to grow by 4.0% to 5.0% in 2018. Out of all the regions, growth is expected to be stronger in Asia Pacific at 5.0% to 6.0%.

 

•Hanoi leads RevPAR growth in local currency terms in 2017. Tourist arrivals continue to remain strong in Vietnam and it is expected to continue on growing with more international hotel operators expected to expand their presence such as Travelodge and Meliá.

 

•Investor demand remained solid as transaction volume increases.

 

•Outlook for hotel investment in Asia Pacific continues to be upbeat in 2018, although transaction volume is likely to moderate due to the lack of available stock.