Hotel Investment Conference for Asia Pacific (HICAP) 2015 underway at the InterContinental Hong Kong
Yesterday saw the opening of the Hotel Investment Conference for Asia Pacific (HICAP) at the InterContinental Hong Kong.
China’s sudden currency devaluation has rattled stock and financial markets worldwide, but the Asian travel sector appears to weather the economic turbulence well – at least for the time being.
In their latest Australian hotel market update, JLL have announced that in the first half of 2015, nearly A$2 billion (approx. US$ 1.47 billion) was invested in the country’s hotel market. 65% of these transactions were from Asian buyers.
The development project of a five-star resort on the island of Kunaavashi, Vaavu atoll, has been revealed. This will be one of the first investments projects in the Maldivian tourism development sector by a Chinese private company – CJL Investments Pvt. Ltd.