Subdued Australian investment as Asia Pacific experiences 'unprecedented' first half downturn - CBRE
New data from CBRE has shown the depth of COVID-19's impact on hotel markets in the Asia Pacific, with the region experiencing the largest year-on-year decline in tourist arrivals of any region in the first half of 2020 at 72 per cent.
Northern NSW motel sales signal return of 'pre-pandemic demand' for the region - ResortBrokers
Separate freehold sales totalling $7 million at Yamba and South Ballina across the past three weeks are part of "rapidly increasing" levels of enquiry for the region from accommodation operators, according to Greg James and Steve Campbell of ResortBrokers.
Perth and Brisbane leading CBD hotel markets across Australasia
A new report from CBRE shows while the lifting of restrictions in early June saw an initial bounce in room demand across CBD hotel markets in Australasia, recent developments in certain areas have meant Perth and Brisbane are emerging as better performers, with Auckland’s demand recovery...
Confidence in New Zealand’s hotel sector - Bayleys
As New Zealand’s borders reopen allowing international travellers and a hospitality workforce to enter the country again, the hotel sector is geared up for visitors – and investment opportunity.
'When people can move, they'll go holidaying' - Hotel experts look to the future
A panel including Tourism Australia Chair Bob East, Accor COO Simon McGrath and hotelier Jerry Schwartz have spoken with CBRE National Director Wayne Bunz length about what the future holds for the tourism and accommodation sectors as part of CBRE's Hotels in the New World: Navigating the Road...
IHG strategy 'unchanged' despite 80 per cent drop in revenue
IHG's first quarter results have revealed "historic lows" in occupancy levels globally as the full impact of social distancing on business comes to light.
Karratha hotel performing strongly amidst Covid-19 climate
In a period of significantly decreased hotel occupancies and closures across Australia, Best Western Plus The Ranges, in Karratha, WA, has defied expectations to record strong occupancy throughout the COVID-19 crisis.
CBRE to host hotel market webinar, Hotels in the New World: Navigating the Road to Recovery
CBRE Hotels will welcome Tourism Australia Chair Bob East, Accor COO Simon McGrath and hotelier Jerry Schwartz this month for a webinar designed to provide an insight about what the road ahead looks like for the sector.
