Global Travel Highlights – August 2021
Recovery in both domestic and international travel is underway in the second half of 2021, despite some larger adverse impacts for the year to date than previously expected.
What you will learn from this report:
- Growth in domestic travel in 2021 will be key to reviving the travel industry.
- Vaccination success has strengthened the international travel recovery’s potential.
- Europe is expected to enjoy the most robust recovery in international travel by 2024.
- Downside risks have eased but remain present.
Australia: Roadblocks cleared for build-to-rent in Australia
The pipeline of build-to-rent (BTR) developments across Australia continues to swell, with our project tracking currently capturing a pipeline of circa 45,000 announced units. Around 5,900 units have broken ground in FY2023, with a further 15,000 geared to commence across FY2024 and FY2025.Find Out More
How bank turmoil is impacting APAC commercial real estate credit
Recent bank funding turmoil is likely to lead to tighter lending conditions in commercial real estate markets in the Asia-Pacific region.Find Out More