SE Asia & Vietnam

Hotel Market Outlook

Adam Bury

Senior Vice President

JLL Hotels & Hospitality Group

5th October 2017

The Reverie Saigon Hotel

Vietnam Real Estate Market Symposium

International Visitor Arrivals 2014 - 2016

Source: Country Tourism Authorities

28.2%

15.4%

9.3%

9.0%

7.9%

6.3%

4.3%

-6.4%

-10.6%

-15% -10% -5% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55%

Vietnam

Indonesia

Philippines

Thailand

Singapore

Cambodia

Malaysia

Myanmar

Laos

% change 15-16 % change 14-15 % change 13-14

International Visitor Arrivals YTD June 2017

Source: Country Tourism Authorities

33.0%

[VALUE]

12.7%

11.9%

11.5%

4.5%

4.4%

-0.9%

-5% 0% 5% 10% 15% 20% 25% 30% 35%

Myanmar (Apr)

Vietnam

Phillipines

Cambodia (Mar)

Indonesia

Singapore

Thailand

Malaysia (May)

Chinese Inbound Tourists into Vietnam

2006 – YTD August 2017

Source: VNAT

-31.4%

8.2%

16.3%

-18.8%

71.6%

56.5%

0.8%

33.5%

2.1%

-8.5%

51.4%

44.3%

51.4%

-40%

-20%

0%

20%

40%

60%

80%

100%

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTDAug2016

YTDAug2017

An

nu

al

Gro

wth

Vis

ito

r A

rriv

als

STR Hotel Trading Performance

SE Asian RevPAR YTD August 2017

Source: STR Global

18.3%

16.0%

9.0%

8.7%

6.8%

6.1%

5.8%

5.2%

5.2%

3.6%

3.4%

1.8%

1.6%

-0.4%

-1.0%

-1.2%

-4.4%

-4.8%

-6.5%

-11.4%

-15% -10% -5% 0% 5% 10% 15% 20%

Hanoi Marketwide

Bali Luxury

Bali Midscale

HCMC Marketwide

Kuala Lumpur Luxury & Upscale

Bali Upscale

Bangkok Upscale

Bangkok Luxury

Bangkok Midscale & Economy

Bali Economy

Phuket Marketwide

Bangkok Serviced Apartments

Koh Samui Marketwide

Singapore Upscale

Jakarta Serviced Apartments

Jakarta Upscale

Singapore Midscale & Economy

Singapore Luxury

Singapore Serviced Apartments

Jakarta Midscale

SE Asia Select Supply Pipeline 2017-2020

Source: JLL, STR Global

9,7

86

8,9

91

8,7

39

8,1

51

7,5

33

5,0

56

4,3

34

3,7

81

3,1

85

54,803

43,919

71,014

76,110

23,894

63,548

29,590

57,137 56,568

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

Jakarta KualaLumpur

Bali Bangkok ManilaMetro

Singapore Phuket HCMC Hanoi

Pip

eli

ne R

oo

ms

Ex

isti

ng

Ro

om

s

Asia Pacific Hotel Transaction Volumes

2007 – 2017F

Source: JLL

-

2

4

6

8

10

12

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD2017

2017F

Tra

ns

ac

tio

n V

olu

me

US

D B

illi

on

s

Japan Australia China South Korea Malaysia Thailand

Maldives Vietnam Taiwan Hong Kong India New Zealand

Indonesia Singapore Balance AP Forecast

© 2017 Jones Lang LaSalle IP, Inc. All rights reserved.

“Global Hospitality Research Hub”

Adam Bury

Senior Vice President, Investment Sales Asia

JLL Hotels & Hospitality Group

Adam.bury@ap.jll.com

+65 8313 4600

© 2017 Jones Lang LaSalle IP, Inc. All rights reserved.