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Strategies & Market Trends : Asia Forum

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To: Stitch who wrote (5107)	7/9/1998 2:45:00 AM
From: Michael Sphar	Read Replies (1) of 9980

Some anecdotal info re Japan. I was in Hawaii (Waikiki area) over the 4th and my subjective observation of tourism is that Japan continues to be largely absent, not a big surprise. The Aussies were there in noticeable numbers, and a bit larger American presence if my memory serves compared to several years ago. Did some casual shopping for investor grade transient condo. Talking to a property manager I got numbers that indicated an averaged occupancy ratio of less than 60% on a two star beach-front condo building on Waikiki for the past 6 months in the size of unit I was shopping. The sales price for the unit still seemed high and the sales people gave the impression that things were turning around starting to move, but I wasn't particularly convinced. They claimed that market segment bottomed about a year ago. Oh yeah, and the weather was great!

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