1、September 7,2023Hotel Operators Sentiment SurveyGreater China2|2023 Jones Lang LaSalle IP,Inc.All rights reserved.78%of our respondents are located in Urban destinations98%of the hotels are affiliated to international chainsLuxury31%Upper Upscale28%Upscale20%Midscale15%Economy6%Profile of the respon

2、dentsA total of 361 respondents across Asia Pacific216 respondents from the subregion North Asia and Greater China180 respondentsfrom Greater China(including Mainland China,Hong Kong and Taiwan)Survey conducted in Q3 2023Index01 Recovery0402 Costs1003 Sustainability1604 CAPEX2105 What to expect in 2

3、024?243|2023 Jones Lang LaSalle IP,Inc.All rights reserved.RecoveryH1 2023:Asia Pacific quickly catching up on the recovery with lifted border restrictions,progressively closing the gap with Europe and the USA5|2023 Jones Lang LaSalle IP,Inc.All rights reserved.Note:Percentage shows YTD 2023 RevPAR

4、recovery relative to YTD 2019 latest data available:APAC:YTD July 2023,others:YTD June 2023RevPAR recovery is shown marketwide except for:Shanghai(5*),Beijing(5*),Hong Kong(Luxury),Seoul(Luxury&Upper Upscale),Tokyo(Luxury),Bangkok(Luxury),Singapore(Luxury),Jakarta(Luxury),Maldives(Luxury),Bali(Luxur

5、y),Phuket(Luxury&Upper Upscale)Source:STR,JLLMARKETYTD 2023 RevPAR recovery relative to YTD 2019Legend91 to 100%81 to 90%RevPAR recoveryBEIJING89%TOKYO114%SEOUL141%SHANGHAI94%HONG KONG85%BANGKOK127%SINGAPORE124%SYDNEY108%MELBOURNE105%LOS ANGELES100%LONDON123%NEW YORK105%MIAMI111%BERLIN107%PARIS154%A

6、MSTERDAM108%MADRID119%CHICAGO99%WASHINGTON DC106%MALDIVES102%BALI126%OSAKA88%JAKARTA108%PHUKET161%HO CHI MINH CITY89%100%Occupancy is expected to increase for 74%of the respondents in Greater China6|2023 Jones Lang LaSalle IP,Inc.All rights reserved.9%4%3%2%18%4%3%6%7%6%7%19%8%20%13%9%3%8%4%4%18%33%