Australia’s hotel sector tipped to benefit from occupancy and room rate growth as inbound tourism recovery gathers momentum
Surging inbound tourism will help boost Australia’s hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts.
Shaun Ormbsy, Head of Commercial at Elanor Hotels, said “After seeing an increase in demand for sustainable and immersive travel experiences, we developed Mudgee Retreats at Parklands Resort Mudgee as an alternative option for travellers looking for an authentic glamping experience in the heart...
JLL Report - Return of international visitors boosts hotel sector, but is New Zealand ready for Swift-hotel-onomics?
Nick Thompson Senior Vice President, Investment Sales JLL advises research by JLL, shows that as NZ international tourist numbers edge closer to pre-pandemic levels, hotels have experienced a resurgence in bookings.
First Speakers Announced Inaugural Maximum Occupancy West Coast Conference
Today, the inaugural Maximum Occupancy West Coast Conference announced its first speakers. Scheduled for 16 April 2024 at the Crown Perth, the conference will include a cross-section of leaders in the Western Australian accommodation industry, East Coast and abroad.
Australia’s next Olympic state sweeps the podium in 2023 hotel performance improvement - JLL
Almost all Australian tourism and accommodation markets are coming off a record year with 2023 being one of, if not the best, 12 months of trade recorded. Whilst many markets recorded strong gains, it was Queensland that was the standout performer, according to JLL Hotel & Hospitality Group’...
The Australian Hotels Association (WA) has welcomed today’s groundbreaking announcement by the WA Government which will place tourism investment front and centre.
Hotel investors ride out economy at high end of town as Premium assets redefine market - Colliers
Transaction volumes for Premium hotels increased by 20.9% last year, as investors bet on continued high-performance and resilient pricing, according to Colliers Hotels Investment Review 2023 commented Colliers Head of Hotels Transaction Services Karen Wales.
Domestic buyers dominate hotel transactional activity in 2023 - Cross-border capital ready to make their moves in 2024 says Savills
Notwithstanding domestic buyers dominating hotel transactions in 2023, Australia remains a preferred destination for international hotel investors particularly from Asia and the Savills Asia Pacific team continues to experience strong levels of interest from investors across the region.” said...
Oaks Hotels, Resorts & Suites launch new brand partnerships
Oaks Hotels, Resorts & Suites has extended and expanded its award-winning Happy Folks Choose Oaks brand campaign by partnering with The Coffee Club, Menulog and Foxtel to create an in-room experience that puts guests’ happiness – and convenience – front and centre.
