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.
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.
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...
Australian hotel investment surges in 2023, on the back of improved liquidity and a strong trading recovery says JLL
Driven by improved investor sentiment, a continued trading recovery, and several landmark transactions, the hotel investment landscape in Australia experienced strong growth in 2023. Hotel investment volumes (≥ A$5m) reached A$2.43 billion, showcasing a year-on-year increase of 26% and...
Asia Pacific hotel investments to cross $10 billion in 2023: JLL
Hotel investments in Asia Pacific will cool to $10.1 billion for 2023 due a variety of external factors, representing a year-on-year decline of 14%. According to JLL’s Hotels & Hospitality Group’s recently published Hotel Investment Highlights Asia Pacific.
Asia Pacific Hotels & Hospitality Market Poised for Strong Growth as Tourist Return Approaches Full Recovery by 2024: CBRE
Institutional investors are attracted to prime hotel assets in tier 1 markets across Asia Pacific, even though tourist arrivals in key destinations are only reaching 70-80% of pre-pandemic levels, according to the latest CBRE research.
Strengthening hotel market opens opportunities for converting office buildings to hotels - JLL
JLL Hotels & Hospitality, in collaboration with its Capital Markets and Work Dynamics teams, explores the case for office conversion to hotels and the factors to consider when reviewing a building conversion.
