This year is on track to be a record one for global hotel transactions after turnover in the sector reached a high of $42 billion (€38bn) in the first half of the year.

It was driven by lots of foreign investment, according to statistics from agent JLL. Deal volumes in the first half of the year reached $24 billion in the Americas – up 73 per cent year-on-year – while they rose by 55 per cent in the EMEA region to $15 billion. Meanwhile, JLL reports that deal volumes in Asia Pacific dipped 6 per cent to $4 billion.

“Whilst American private equity funds remain the largest source of capital flowing into hotels, the first half of 2015 saw a significant rise in transactions involving mainland Chinese and Middle Eastern investors,” according to JLL.