Kiwi tourism and increase in superyacht numbers set to deliver strong returns in 2021
The growing size of the global superyacht fleet and New Zealand’s rising popularity as a tourism destination is set to mean the 36th America’s Cup in 2021 will be the biggest yet for Auckland, according to a new report by CBRE.
Gold Coast hotel market boom ahead of Commonwealth Games
In the lead up to the 2018 Commonwealth Games, the Gold Coast accommodation industry has experienced one of its best starts to the year with hotel occupancy rising to 83.4% in January.
Savills release their Feb 2018 Hotels Market Report
According to the report, hotels in Sydney and Melbourne are experiencing unprecedented trading performance, however there was a relative dearth of sales activity in 2017 with national transaction values down 35% compared to the 2016 calendar year.
New Zealand is likely to start feeling the effects of “tourism fatigue” as record-breaking visitor numbers put an increasing strain on accommodation and infrastructure.
Cairns pips Canberra for top spot as hotels market set for stronger year
Cairns has returned to its familiar position as Australia’s best performing hotel market for the fourth consecutive year, following a strong final quarter.
The old Northbank Goods Shed site fronting Melbourne's Yarra River has received the green light for a $450 million hotel, residential and commercial redevelopment by privately-owned developer Riverlee.
Have your say on the Gold Coast Airport's new hotel
The Preliminary Draft Major Development Plan has been prepared for the $50 million Rydges branded Gold Coast Airport hotel, featuring a rooftop bar and viewing deck, opening in 2019.
Following the multi-million dollar refurbishment of Cordis, Auckland, Hong Kong-based Langham Hospitality Group has announced new expansion plans that will transform the hotel into New Zealand's largest.
NZ hotel owners look to divest in buoyant investment climate
More hotels will be offered for sale this year as owners look to take advantage of the buoyant investment climate by selling off increasingly valuable assets.
