Second Sydney airport development paves the way for new metropolis
Australia’s largest capital city is in a state of major transformation, with the imminent construction of Sydney’s second airport at Badgery’s Creek paving the way for a new metropolis of three cities that will be home to more than eight million people over the next 40 years.
Australia's Q1 2018 hotel market continues 2017's momentum
CBRE's latest Australia Hotels Marketview Q1 2018 report released today finds that the first quarter of 2018 maintained the momentum of the final few months of 2017, with a number of hotels transacting across the country.
Dransfield release their Hotel Futures 2018 report
Dransfield's latest Hotel Futures 2018 report indicates that with a positive supply and demand equation expected, sustained high occupancy and opportunity for rate growth will continue to see the tourism sector flourish in Australia.
The summer of 2017/18 has proven to be another record breaking season for the New Zealand tourism sector with record visitor numbers driving exceptional hotel performance metrics across the majority of its key markets.
International visitor numbers up, domestic travel up, national hotel performance up - and a positive hotel outlook are some of the key takeaways from Deloitte's first 2018 edition of their Tourism and Hotel Market Outlook.
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.
The performance of New Zealand hotels nationwide continues to improve with a recorded occupancy rate of 81.2% in the year to December 2017, with Queenstown the fastest growing market again in 2017 reporting RevPAR growth of 16.1%.
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.
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.
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.
