"Key themes for creative deal-making"

"Japan’s hotel sector remained strong in 2025, with ADR and RevPAR at record highs and occupancy inching towards pre-pandemic levels. Growth is expected to continue in 2026, albeit at a more moderate pace."

"A year for creative deal-making?"

"Single assets driving the transaction market"

"Japan’s hotel sector maintained robust momentum in 1H/2025, supported by record-breaking ADR and RevPAR growth driven by strong inflows of inbound tourism, which reached 21.5 million visitors in the first half of the year. While occupancy remains slightly below pre-pandemic ultra-tight levels due to labour shortages, improvements in hiring and the adoption of technology to improve operational efficiency point to further upside potential. While active promotion by neighbouring tourist destinations may temper Japan’s growth to some extent, demand is likely to rise in regional centres as repeat travellers seek authentic local experiences. Overall, growth in Japan is expected to remain firm, albeit not spectacular."

"PBSA overtakes Multifamily as the most sought-after sector"

"Leading the European real estate recovery"

"2024 hotel investment saw the return of US private equity. Could 2025 be characterised by a return of big-ticket London assets?"

"The hotel sector shone brightly in 2024, as record numbers of inbound tourists contributed to further growth in ADR and RevPAR. This robust momentum shows little sign of slowing down into 2025. Looking ahead, new hotel supply will be limited from 2025 due to high construction costs and labour shortages, on top of project cancellations related to the pandemic, which will benefit existing hotels."

"Positive economic and political sentiment is filtering through with more stock in the market, warming up for a stronger Q4"