Catenaa, Friday, October 16, 2025- Asia’s commercial property and hospitality sectors are showing robust growth as multinational office expansions, luxury retail demand, and surging travel reshape the region’s market, top executives said at the Forbes Global CEO Conference in Jakarta on Tuesday.
Industry leaders highlighted opportunities across India, Hong Kong, and Asia-Pacific destinations despite rising costs and geopolitical uncertainties.
Irfan Razack, chairman of Bangalore-based Prestige Group, reported that India’s office space consumption reached 39 million square feet in the first half of 2025, pushing the country past one billion square feet of total office space.
Prestige Group plans to invest 120 billion rupees ($1.4 billion) to expand its portfolio by 17 million square feet by April 2028, reflecting strong demand from multinational global capability centers.
Michael Smith, CEO of Hongkong Land, emphasized resilience in Hong Kong’s luxury retail market, noting high-net-worth consumer activity remains strong.
The firm is investing $1 billion to revamp high-end retail properties in Central, aiming to capture continued spending by affluent shoppers despite softer overall sentiment.
Marriott International CEO Anthony Capuano said a “global explosion” in travel demand is boosting hotel performance, with Asia-Pacific excluding China seeing a 13% year-on-year rise in revenue per available room.
Executives underscored the importance of efficient cash flow management, strategic land investment, and leveraging technology, including AI, while preserving human interaction in hospitality.
Lee Yeow Chor, CEO of Singapore-based IOI Corp., emphasized balancing risk with ambition, urging developers to think big while maintaining operational discipline.’
Collectively, leaders painted a picture of a dynamic, opportunity-rich market across Asia, where growth continues despite economic and operational headwinds.
