Australian and APAC hoteliers divided on 24/25 outlook according to JLL Hotel Operators’ Sentiment Survey
The newly released JLL Hotel Operators’ Sentiment Survey 2024/2025 is forecasting mixed fortunes for the hotel sector in the Asia Pacific region in the year ahead says JLL Hotels & Hospitality Group Executive Vice President, Ross Beardsell.
Brisbane Airport Welcomes 22.6 million Passengers in FY24
New data released today shows Brisbane Airport saw significant recovery in passenger numbers in FY24, with 22.6 million passengers or 95% of pre-COVID FY19 levels, with notable growth in international travel which rose 39% over the past year.
The Australian Apartment Advocacy (AAA) has welcomed the City of Brisbane's announcement of proposed local laws requiring planning approval and a dedicated property manager for short stay accommodations.
Australia’s hotel sector tipped to benefit from occupancy and room rate growth as inbound tourism recovery gathers momentum
Surging inbound tourism will help boost Australia’s hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts.
Australia’s next Olympic state sweeps the podium in 2023 hotel performance improvement - JLL
Almost all Australian tourism and accommodation markets are coming off a record year with 2023 being one of, if not the best, 12 months of trade recorded. Whilst many markets recorded strong gains, it was Queensland that was the standout performer, according to JLL Hotel & Hospitality Group’...
Finexia report says Gold Coast domestic tourism surging back to pre-pandemic levels reclaiming mantle as Australia’s favourite holiday hotspot
The report commissioned by specialist fund manager Finexia, highlights that hotel occupancy across the Gold Coast has lifted from 43.3% at the start of the pandemic in 2020 to 70.1% in 2022, while average daily room rates have moved from $195 to $271 over the same period.
Domestic holiday travel and events drive Accor’s Queensland performance, as inbound and business travel start to recover
Queensland’s reputation as Australia’s premier holiday destination, combined with strong recovery in Brisbane, has enabled Accor’s network of 96 hotels in Queensland to exceed 2019 occupancy levels.
Brisbane Airport predicting 15,000 passengers through its International Terminal tomorrow (Sunday), up 77% compared to this time last year
With Easter traditionally being the busiest time of year for Queensland’s tourism industry, the rebound in international visitor numbers is good news for Queensland jobs and the economy."Around 75% of Queensland’s international arrivals transit through the Brisbane Airport, so when Brisbane...
Hotel investment appetite strong despite short-term tourism outlook - CBRE
Nearly 90% of hotel-industry participants in Australia and New Zealand are looking to maintain or increase their exposure to the sector, despite a consensus that per-room revenue in some major cities could take three-to-five years to recover to pre-pandemic levels.
