Business
Hong Kong Investors Flock to Japan’s Hotel Sector as Tourism and Investment Funds Skyrocket
Investors from Hong Kong, such as the Chiu family and Dorsett Hospitality International, are increasingly drawn towards the hotel industry in Japan, fueled by the country's low interest rates and surging tourist numbers which hit an all-time high.
The combination of Japan's minimal interest rates and its appeal as a tourist hotspot are anticipated to drive investment in its hotel sector to unprecedented levels this year.
"Japan's strong underlying factors persist in attracting investments," stated Ada Choi, the leader of research for Asia-Pacific at CBRE.
During the initial part of the year, Japan led the region in real estate investment, amassing a total of US$13.5 billion, of which US$2.6 billion was contributed by international investors, as per the data released by CBRE. China, ranking second, garnered US$13.3 billion, with foreign investors pitching in US$900 million.
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