Asia-Pacific Hotels Expected To Outperform European Rivals

[afang]

HONG KONG -- Hotels in the Asian-Pacific region are expected to outperform those in Europe and the Americas over the next half-year, according to the latest quarterly survey of the world's largest hotel owners and investors conducted by investment-services company Jones Lang LaSalle Hotels.
The survey results provided to The Asian Wall Street Journal indicate that most investors expect business at hotels in the region to continue to suffer in the short-term from the travel slowdown, but to a lesser extent than hotels elsewhere. However, survey respondents expect business at hotels in other regions to bounce back more strongly over the next two years.

Jones Lang said the results stemmed from a belief that the region is more protected from the impact of Sept. 11 by geography and the strength of China and certain other economies. Reflecting that, survey respondents highlighted Shanghai, Beijing and Phuket, Thailand, as the markets where they believe hotels will post the best results in coming months. Jones Lang said Phuket is benefiting from an image of safety and from high interest from tourists within the region.

http://online.wsj.com/article/0,4286...0.html?mod=DHO

[afang]

HONG KONG -- Hotels in the Asian-Pacific region are expected to outperform those in Europe and the Americas over the next half-year, according to the latest quarterly survey of the world's largest hotel owners and investors conducted by investment-services company Jones Lang LaSalle Hotels.
The survey results provided to The Asian Wall Street Journal indicate that most investors expect business at hotels in the region to continue to suffer in the short-term from the travel slowdown, but to a lesser extent than hotels elsewhere. However, survey respondents expect business at hotels in other regions to bounce back more strongly over the next two years.

Jones Lang said the results stemmed from a belief that the region is more protected from the impact of Sept. 11 by geography and the strength of China and certain other economies. Reflecting that, survey respondents highlighted Shanghai, Beijing and Phuket, Thailand, as the markets where they believe hotels will post the best results in coming months. Jones Lang said Phuket is benefiting from an image of safety and from high interest from tourists within the region.

http://online.wsj.com/article/0,4286...0.html?mod=DHO