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Singapore dominated hotel markets in Southeast Asia
The two new integrated resorts in Singapore have provided a significant boost to the market.
According to Jones Lang LaSalle, growth has been strongest in Singapore and Hong Kong with both markets registering double digit rate increases.
The outlook for the next couple of years is very strong as tourism is expected to increase across the region.
As the trading market stabilises, we are likely to see some yield compression, although to date this has been limited. On the whole, positive yield spreads are evident across much of the region and interest rates remain low.
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