JLL Hotels - Round Table Lunch Presentation (Aug-24)

Yields I Yield compression begins for some sectors & locations Asia Pacific Yield Forecasts, 2024-2025

Yield changes, Q4 2021 – Q2 2024

Forecast yield changes, Q2 2024 – Q4 2025

Tokyo

-30

Tokyo

-20

-20

40

Shanghai

Shanghai

20

20

40

Hong Kong

20 20

Hong Kong

-5

40

-10

Singapore

Singapore

30

10

105 105

Seoul

Seoul

-10 -10

60

80

-30

Sydney

210

Sydney

-10

130

5

50

-25

Melbourne

Melbourne

220

-20

170

25

-50

0

50

100

150

200

250

-40 -30 -20 -10 0

10 20 30 40

Basis points

Basis Points

Retail

Logistics Office

Retail

Logistics Office

Source: JLL Research

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