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.
The four year partnership extension will see AccorHotels continue as the official accommodation partner of the NRL, supporting Clubs and State of Origin teams across Australia and New Zealand.
The last half of 2017 saw a flurry of activity in the pub sector which is considered one of the most tightly held in the country, according to CBRE’s H2 2017 Australia Pub Trends report.
IHG’s Crowne Plaza hotels are the first hotel network to install Tesla Destination Chargers at all of their properties across Australasia, connecting 12 properties with cutting-edge technology for a growing customer segment.
ACCC approves $1.3bn Mantra acquisition by AccorHotels
The ACCC (Australian Competition & Consumer Commission) has this morning announced that it will not oppose the 127 hotel, $1.3 billion acquisition of Australia's Mantra Group by AccorHotels.
Quest and Deliveroo's genius room service partnership
Quest Apartment Hotels and Deliveroo are joining forces to let guests across 12 sites nationwide enjoy a truly 21st century perk: on-demand room service.
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.
Five things hoteliers should know about depreciation
As owners of a commercial property, hoteliers are entitled to a range of depreciation deductions, however, many hotel owners and operators remain unaware of this tax benefit and thus are missing out on thousands of dollars each year.
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.