International visitor numbers up, domestic travel up, national hotel performance up - and a positive hotel outlook are some of the key takeaways from Deloitte's first 2018 edition of their Tourism and Hotel Market Outlook.
Melbourne's charm pips Sydney as top Australian city for investment
Melbourne has pipped Sydney as the top Australian city for investment in the Asia Pacific region, followed closely by Brisbane - with Tokyo announced as the preferred destination for commercial property investors.
New Zealand can’t afford to ease up on hotel development
Thousands of more new hotel rooms are set to come on stream within the next seven years as a result of increased levels of hotel construction activity but New Zealand is still at risk of being left behind by other tourist friendly countries.
Australian tourism spending soars above $40 billion
The record run for Australian tourism rolls on with spending by international visitors reaching a new high of $41.3 billion for the year ending December 2017, an increase of six percent on the previous year representing an additional $2.2 billion to the Australian economy.
Infrastructure Australia reveals nation-shaping priority projects
Infrastructure Australia, the nation's independent infrastructure advisor, has identified over $55 billion worth of nation-shaping projects in its latest Infrastructure Priority List, with an additional $25 billion of projects now under delivery across the country.
Adding to the growing list of huge infrastructure and tourism developments in Brisbane, the Queensland Government has given a green light to Dexus to progress to the next stage with their $1.4bn proposal to transform Eagle Street Pier into a premium business, hotel and leisure destination.
Why investors need to check-in to NZ’s motel sector
New Zealand’s accommodation sector is in an enviable position, with the number of tourists surpassing the number of beds available with motels being a cost-effective point of entry.
The 2017 financial year has exceeded all of Resort Brokers New Zealand expectations, with the final two transactions being settled before the end of March, their total gross sales value eclipsed the previous financial year result.
Stats NZ has reported that guest nights spent in short-term accommodation reached record levels in January 2018 rising to 4.97 million, 1.4 percent higher than in January 2017.
Opening next week on March 22, The Star Gold Coast’s new luxury hotel, The Darling, will deliver as promised a world-class facility to the region ahead of the Gold Coast 2018 Commonwealth Games.
