Greenfield FDI in the hotels and tourism sector had a bumper year in 2018, with huge increases in project numbers and capital investment, finds The fDi Report 2019.

Hotels and tourism witnessed a significant increase in crossborder greenfield FDI in 2018, according to figures from fDi Intelligence. Project numbers increased 120% from 234 projects in 2017 to 514 in 2018. The sector also saw an increase of 187% in capital investment. This upward trend was among the findings of The fDi Report 2019 recapping global greenfield FDI data from last year.

Asia-Pacific attracted the most FDI in hotels and tourism in 2018, with 1385 projects and $180bn in capital invested. This was more than twice the second most attractive region for capital investment, the Middle East, which received $70bn. The top recipient country was China, with 406 projects estimated at $62bn. The UK (383 projects, $20bn), India (234 projects, $13.5bn) and the UAE (219, $27bn) were other popular investment destinations for the sector.

The US is by far the largest source market for outbound investment in hotels and tourism, accounting for 1180 projects and $106m internationally in 2018.

Last year’s rise follows an 11.7% increase in tourism projects between 2016 and 2017, as detailed in fDi’s tourism investment report published in November 2018. This corresponded with a 9.7% increase in capital expenditure and a 12.4% increase in the number of jobs created.

To download the The fDi Report 2019 in full, click here

To download the Tourism Investment 2018 report, click here

This article is sourced from fDi Magazine
fDi Magazine

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