JLLHotels&HospitalityGroupHotel DestinationsSoutheast AsiaMarch2022 IntroductionAftertwoyearsofstrict restrictionsduetothepandemic,Southeast Asian countries aregradually easing-and in somecases lifting-the controls thathalted thetourism sector inthispartoftheworld.Withvaccinationratesfluctuatingbetween55%and90%atthetimeofthisreport,andtheOmicronvariantbelievedtobelessseverecountriesinSoutheastAsiaaretakingstepstolearntolivewithCOVID-19Welcomeback,tourists!ExpandinghotellandscapeThe sub-regionhasbeenwelcoming internationalWithinternational touristseagerto travel backtotravellersagainsincelate.2021andbeginning2022SoutheastAsia,combinedwithmajorgovernmentalbeitatadifferent pace.WiththePhuketSandboxinitiativestoboostthesector,2022shouldrecordaprogramme,Thailandwasthefirst countrywhichhighernumberofnewhotels entering themarketinitiated thereopeningtointernationaltourismespeciallywithdelayedprojectsthataretargeting2022backinJuly2021,followedbySingaporewithitsastheyearofopening.Inparallel,assetenhancementVaccinatedTravel Lanes("VTL'"),Sincethen,initiativesinitiativesintroducedduringthepandemicwhiletoboosttourismhaveconsiderablymultiplied.Afterthemarketwassofter,are likelyto coincidewithimplementingVTLswithmorecountries,Singaporehasthe new openings.Therefore,thehotel landscapeannouncedtoreopenitsborderstoallfullyvaccinatedisexpectedtogainin quantity,butalso inqualitytotravellers fromAprif ist,without quarantine.Thailandtargetinternationaland domestictourists,leisurereinstated its quarantine-free visa programme inandbusiness demand,withaveragelength ofstayFebruary2022-alsoknownasTestandGo'-initiallyanticipatedto belonger.implementedinNovember2021.OtherSoutheastOutlookAsiancountrieshavefollowedthemoveshortlyafterAmid the initiatives toreopenborders and easeIndonesiaistakingstepstoeasetravelprotocolsrestrictions inthesub-region,domesticdemand shouldbyreopeningBalitoalltouristsrecentlyMalaysiacontinueto leadtherecoveryoftourisminthenextannouncedtofullyreopenitsbordersonApril1st2022,twelvemonths,Destinations in Southeast Asia arewhileVietnamistargetingtowelcomeexpectedtorecordgradual increaseof international5millioninternationaltouristsin2022,withitsvisitors-bothleisureandcorporate-towardsthereopening in mid-March.second half of theyear withmore flights resuming,coupledwithexpectedrestoredconfidenceintravellingabroad HanoiDa NangBangkokHoChiMinhCityPhuketKualaLumpurSingaporeJakartaBaliQuickfactscomparison8S谷International VisitorRevPAR2021RevPARrecoveryArrivals2021(in USD)relativeto2019Bali514314%(Luxury)Bangkok625,3621913%(Luxury)DaNang157,300*8%(Marketwide)Hanoi157,300*3030%(Marketwide)Ho Chi Minh City157,300*2024%(Marketwide)Jakarta119,4195358%(Luxury)Kuala Lumpur73,309**2121%(Luxury&Upscale)Phuket224,5372317%(Luxury&UpperUpscale)Singapore329,9717833%(Luxury)*IntemationaltouristarrivalsinVietnam**as.ofSeptember.2021forMalaysiaSource:JLL,STR,BaliGovernmentTourismOffice,MinistryofTourismThailand,GeneralStatisticsOfficeVietnam,StatisticsofDKIJakartaProvince,TourismMalaysia,SingaporeTourismBoard,IndustrysourcesHotelDestinations SoutheastAsia|4 BangkokNotablehoteldealsin2021TourismCitadinesSukhumvit23,138roomsAccording to Airports of Thailand (AoT), Suvarnabhumi and Don MueangAnantaraRiversideBangkokResort,408roomsairportswelcomedapproximately625,000internationalpassengers in2021, registering y-0-y decreases of-90.3%. As a result, the total numberAvani+RiversideBangkokHotel,250roomsofpassengerarrivals droppedby-46.8%in2021when comparedto2020.FollowingfurthereasingofentrytothecountryinNovembertogetherwiththe beginning of.the high season,foreign arrivals to Bangkok registereda healthy m-0-m increase by 101.5% in December with159,600 arrivalscompared to 79,200 in,November.Newnotablehotelsin2021NovotelBangkokFutureParkRangsit,226roomsTheWyndhamQueen Convention Centre Hotel&Residences,85roomsDemandMaitriaHotelRama9Bangkok,209roomsDuring pre-pandemic times, Mainland Chinese visitors were the top sourceGLOWSukhumvit71&Aspira ResidenceSukhumvit71,108roomsmarket for Bangkok, followed by Japan, India, and South Korea. Bangkok islikelytoseearecoveryledbyregionalcorporatedemand regionalcorporateTheQuarterRuamrudee,160roomsdemand, as well as the much overdue return visitors from overseas Thais.Leisuremaybedriventhroughsourcemarkets witheasyreturningpoliciestoHotelopeningsin2022their country.ShamaYenAkatBangkok,136rooms.TheQuarterOnnut90roomsSparkHotel,35roomsBestWesternChatuchak.168roomsSupplyTheStandardMahanakhonBangkok,155roomsIn 2021, Bangkok sawthe addition offourproperties,accounting forover780keys,withtwohotelsopeninginDecembr,includingthe226-keyNovoteBangkok Future Park Rangsit and the 85-key Wyndham Queen ConventionCentreHotel&Residences.Numerousownersdelayed theirtargeted openingQuickfactsin 2021 with the ongoing COVID-19 situation.Due to the large number ofprojects postponed from initial opening in 2020 and 2021,a significantnumberofhotelsareslatedtostartsupplyisslatedtostartoperatingin2022625,36278815.2%*with nearly 50 addit