Global hotel investment volume will accelerate in 2024: JLL

According to the recently released Global Hotel Investment Outlook 2024 report by JLL, the hotel sector exhibited resilience in 2023, surpassing the overall economic trends, and experienced a significant increase in global RevPAR, marking a complete recovery. The industry is anticipated to garner more investment in the year 2024. “After COVID, urban hotels experienced a decline in RevPAR, but since then, performance has soared due to international border reopening and business demand. London, New York, and Tokyo are highly sought-after markets for investors, with RevPAR expected to rise further in 2024. Global urban markets will be attractive for hotel investment due to accelerated performance and asset pricing,” the report stated.