Australian hotel expectations to be revised as COVID-19 'casts a shadow' over Asia Pacific markets - CBRE
A relatively strong performance by the Asia Pacific hotel market in the second half of 2019 has been overshadowed by the ongoing impact of COVID-19 at the beginning of this year, CBRE says.
Sydney hotel occupancy declines amid increased supply
New data from STR has indicated a drop in Sydney hotel occupancy for the month of January, with revenues down almost seven per cent compared with the same time last year.
Millennials the surprise big spenders on Australian accommodation - reports CBRE Hotels
According to CBRE Hotels’ latest Australian Check-IN report - it's Millennials, not the country’s cashed up Baby Boomers or high salaried Generation X travellers that spend more on accommodation than any other generation.
Western Australia the fastest growing international holiday tourism market in Australia
The Australian Hotels Association (WA) has welcomed the latest data from Tourism Research Australia, showing Western Australia with the fastest growing international holiday tourism market in the country.
