Tourism & Hospitality
Across the globe, significant improvements in lodging fundamentals also captured investor attention, signalling renewed assurance in hotel investments.
Spurred by the expected growth in global markets, AZIZI HOSPITALITY is all set to invest in setting up 50 hotels spread over Afghanistan, Burma, Maldives and East Europe through franchises, acquisitions and construction of new properties. It also aims to launch a chain of signature restaurants with over 60 branches globally as a part AZIZI GROUP 2025 vision.
The global hospitality sector has displayed a strong appetite for growth in the last few years with a renewed investor confidence. This has propelled growth within the global lodging sector, fueling an increase in transaction activity and worldwide improvements in hotel operations. After years of facing constrained capital budgets, the industry is in a position to focus on maximizing growth in occupancy and rate.
Across the globe, significant improvements in lodging fundamentals also captured investor attention, signalling renewed assurance in hotel investments. With the growth in employment and rising corporate earnings, the momentum should lead to improved demand within the hospitality sector.
In addition to increased disposable incomes, travels are showing distinct travel preferences. Self-assured, optimistic, globally connected and curious — the Millennial Generation is poised to take the hospitality market by storm, thus signalling the onset of more innovations and unique offerings to match this segment’s expectation in lodging and travel, all within the value for money ambit.
Another feature is the increase in regional and non-traditional traveller and destinations. China is slated to inject an increased 18% outbound traveller while investment in sub-Saharan Africa is slated to increase by 23%. Alternative lodging accommodations no longer cater solely to the cash-strapped traveller but have gained industry recognition as an alternative preferred by guests seeking greater flexibility, convenience and social interaction.
Not just travellers, but the profiles of investors are also shifting with a significant increase in outbound investment from Asia. Over the past year, Asian investors have a preference in international gateway cities with a dense population of Asian nationals and in large mixed-use projects. Another noticeable change is the heightened transparency across the world’s real estate markets that has provided investors with greater insight into market dynamics and performance, allowing real estate investors to broaden their global reach.
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