Real Estate and Hospitality

The real estate sector covers the full property cycle of developing, purchasing, selling, and managing properties, including land and buildings. The hospitality sector caters to the needs of travelers and guests. Both the sectors are vital to economic growth.

 

Evolving business models

The real estate sector continues to evolve. New business models include the development of co-working and flexible spaces. Efficiencies in property management and optimization of building use are being driven through digital transformation and integration of IoT and big data analytics.

The luxury sector is an important and growing real estate market. The development of mixed-use property schemes that offer residential, commercial, retail, arts, sports, and entertainment spaces is a new urban theme that is taking hold globally.

In step with the increasing focus on ESG, property investors are increasingly seeking assets with strong sustainability credentials, including leading international accreditation and certifications.

 

The rise of premium experiences

In the hospitality sector, there has been a big bounce in demand for luxury and ultra-luxury tourism post the COVID-19 pandemic. Many luxury hospitality brands have expanded their presence, catering to affluent travelers seeking a premium experience. Adventure tourism and experience-based travel have also seen a major spike as travelers seek destinations that combine adventure and traditional aspects of tourism.