Hotel nights drive New Zealand accommodation growth in 2018
Guests spent over half a million more nights in hotels in 2018 than the year before, driving overall growth for short-term commercial accommodation, Stats NZ said announced.
Melbourne remains one of the most sought-after hotel markets across Asia Pacific - Peter Harper JLL Hotels
Investor interest in the hotel sector is at an all-time high, according to JLL Hotels & Hospitality Group, with new projects expected to further enhance the city’s offering.
Tighter yields and limited stock lead pub buyers to broaden their horizons - CBRE Hotels
Pub yields are continuing to tighten across most Australian states as buyers seek out quality assets and value-add opportunities, according to CBRE’s latest Pub Trends report.
"Sydney accommodation market performs well in 2018" - HTL Property
It has been an exciting year for the Sydney accommodation market, heavily spurred on by favourable tourism numbers that translated into a positive 2018 performance, according to HTL Property's latest ‘Spotlight On’ report.
Gold Coast shines as Australia's top hotel market for 2018 - CBRE Hotels report
According to CBRE’s Q4, 2018 Hotel MarketView report, the Gold Coast continues to ride a wave of growth following the 2018 Commonwealth Games, with the coastal city emerging as Australia’s best performing hotel market over the past 12 months.
CBRE release their 2019 hotel market outlook research report
CBRE's latest research report has found that Australian hotels on average recorded 1.2% RevPAR growth in 2018, a positive result but lower than the 2.8% growth recorded in 2017.
Australian hotel sales total $1.8 billion in 2018 - Colliers International Report
Despite a slow start to 2018, Australian hotel sales volumes picked up over the second half of the year to record a total of $1.8 billion, across 37 transactions (including two portfolio deals), according to Colliers International.
Queenstown and Rotorua top performers in Colliers New Zealand Hotel Report
New Zealand’s tourism hotspots of Queenstown and Rotorua are the star performers in the hotel sector in 2018, driving much-needed new supply in both centres.
$1.2 billion Hummock Hill Island resort project approved
After initially being rejected by the Gladstone Regional Council, Queensland’s independent Coordinator-General has approved a $1.2 billion tourism project which will deliver an integrated, master-planned resort on Hummock Hill Island in Rodds Bay, 30 kilometres south-east of Gladstone.
From March 2017 to March 2018, international visitation to South Australia increased by 9% to 475,000 international visitors - and with a new airport for Adelaide on top of hotel brands lining up, it's expected this trend will continue.
