Colliers International Australia's Hotel Sales 2017 report released today found that new hotel development deals amounted to $394 million – almost a quarter of the total sales volume in 2017.
JLL release their global Hotel Investment Outlook 2018 report
JLL's most recent global hotels report comments that the level of fundraising activities is at its highest seen in any cycle, which is expected to translate into significant growth in 2018.
Australia's best and worst performing hotel markets
According to CBRE's latest hotels research, the last quarter of 2017 saw over $400 million worth of hotels transact in Australia, but this was not enough to stop 2017 recording the lowest national sales volumes since 2011.
Chinese tourism has reached a new $10 billion record in Australia
Spending by Chinese tourists has reached a new record in Australia - exceeding $10 billion for the first time. The $10.3 billion record is one of many broken in the International Visitor Survey released last week.
Resort Brokers Australia release their December 2017 Informer Magazine
Resort Brokers Australia reports a record in activity and turnover with their running tally for the 2017 calendar year showing 173 settled sales of properties across all states and territories, with a total value nudging $290 million.
CBRE reports major tourism projects bringing investment back to Brisbane
The new Brisbane International Cruise Terminal, Queens Wharf Development and several other major projects currently underway will boost the appeal of Brisbane as a destination for both domestic and international visitors.
Australia records second highest hotel transaction volume in Asia Q3 2017
The total APAC hotel investment volume surged in Q3/2017 to US$4.77 billion, making this quarter the most active in 2017 so far, with Australia recording the second-highest transaction volumes with AU$496.4 million according to Savills November 2017 Hotel Research.
Mantra Group has recorded its strongest year for growth
Mantra Group has achieved its largest year of growth since its inception in 2009, with a record 13 new properties joining its hotel and resort portfolio in 2017.
