North Queensland investment to rise with the Cairns Global Tourism Hub
Investor confidence is growing in the government’s proposal for a Tropical North Global Tourism Hub with multiple national and international firms at the centre of the next phase of consultation, with the Cityport precinct near the expanding Convention Centre being the preferred development site...
The most recent research released by Savills Hotels reveals that Australia's average RevPAR has seen an increase of 3.9%, with Darwin (up 18.3%), Cairns (up 6.9%) and the Gold Coast (up 6.5%) the stand out performers.
Queenstown and Auckland record strong RevPAR growth
Savills Hotels has reported that New Zealand wide RevPAR has increased 9.7%, with Queenstown and Auckland continuing to perform strongly recording RevPAR growth of 18.6% and 8.0%, respectively.
New $150m QPAC redevelopment to deliver more performing arts in Brisbane
With QPAC now the busiest theatre complex in Australia, the Palaszczuk Government will deliver a new $150 million state of the art theatre for Brisbane on the Playhouse Green site.
IHG expands in Thailand by adding 2,000 rooms to its portfolio
IHG in partnership with Ratanakorn Asset have announced the momentous signing of eight new properties in Thailand’s key resort destinations of Pattaya, Rayong, Phuket, Khao Lak and Koh Samui, adding more than 2,000 rooms to their network.
Auckland's $40m Federal Street Car Park sold to ICD a prime candidate for new hotel development
The $40 million sale of Auckland's Federal Street Car Park building to Australian property group ICD Property Investment has achieved one of the highest price per square metre rates ever recorded in the Auckland CBD and will potentially pave the way for a new luxury hotel development.
Brand new Best Western Plus North Lakes Hotel opens
The waterfront Best Western Plus North Lakes Hotel, 20km north of the Brisbane CBD, has become the latest high-quality property to join the Best Western Australasia network.
The Brisbane City Council has approved the Jubilee Hotel's redevelopment, making way for a new 14-storey office tower while maintaining the heritage of the Bowen Hills pub.
In a first step towards their single-use plastic free 2020 goal, Sudima Hotels recently became the first group of hotels in New Zealand to discontinue using plastic straws – eliminating an estimated 52,000 straws each year from going to landfill.
