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Global Hotel Sector Rallies Earlier Than Expected
After a turbulent 2020, the hotel industry saw an acceleration into recovery in 2021, which is projected to continue, despite operational hurdles and inflationary pressures, in 2022, JLL says. Global investment sales transaction volume totaled $66.8 billion in 2021, a 131% increase from 2020.
According to JLL Hotels & Hospitality’s annual Hotel Investment Outlook, the industry’s recovery has presented new trends for hotel owners, operators, investors and consumers. Among them are an investor focus on markets that have augmented their profiles since the pandemic, an industry focus on sustainability and the growth of alternative accommodations across all regions.
“Consumers’ insatiable appetite for experiences, travel and hospitality is fueling unprecedented levels of demand,” said Gilda Perez-Alvarado, global CEO, JLL Hotels & Hospitality. “This, coupled with a relatively muted supply pipeline across major gateway markets, will enable the lodging industry to recover earlier than anticipated, making the sector a great investment opportunity.”
- ◦Sale/Acquisition
- ◦Economy
