Global Hotel Sales Decline Year-Over-Year, But Fundamentals Remain Solid
Global hotel property sales totaled $24.5 billion in the first half of 2025, representing a 17.5% decrease year-over-year, and a 31% decline from the same period in 2019, according to JLL’s newly released Global Hotel Investment Trends research report. The number of sale transactions decreased compared to the previous year, while sales of properties valued under $200 million accounted for 77% of the total transaction volume.
Despite the decline in sales activity, industry fundamentals remain robust. “Global RevPAR continues to reach historic levels; however, growth has begun to moderate amid worsening consumer sentiment as geopolitical volatility increases,” JLL noted.
Since 2019, all regions except Asia have experienced double-digit increases in RevPAR (Revenue Per Available Room). Limited new supply, due in part to high construction costs, is expected to continue supporting the performance of existing hotel assets.
Looking forward, JLL anticipates that decelerating supply growth combined with greater clarity in debt markets will spur future sale transactions. The firm also expects hotel brands to leverage their balance sheets strategically as the pace of new supply slows.
