According to a new report by Timetric, the major economies in Asia-Pacific are investing over US$417 billion in commercial and leisure projects in the next few years. China heads the list of 13 countries analysed with projects valued at over US$140 billion. Following China is Australia at US$61.4 billion and South Korea with a total value of US$43.3 billion.
The leisure and hospitality sector is estimated to have the highest value according to Timetric, accounting for US$245.1 billion or 59% of the total commercial and leisure sector.
China tops the list, followed by Australia; while Macau (SAR) - with its huge gambling industry - is fourth after South Korea. Moreover, Disney is teaming up with local developers to build the Shanghai Disney Resort in China, whilst Hong Kong developers Galaxy Entertainment Group and the US-based Las Vegas Sands Corporation are funding major gambling and resort developments in Macau (SAR).
Adapted from press release by Joseph Green