Strong investor demand combined with a lack of stock, very limited supply growth and sustained outperformance have created a perfect storm for Sydney’s five-star hotel market.
Scarcity sees Sydney five-star hotel room values soar Michael Simpson Savills Hotels
The rarer a commodity the higher its price. Strong investor demand combined with a lack of stock, very limited supply growth and sustained outperformance have created a perfect storm for Sydney’s five-star hotel market, according to Savills Hotels.
It's never been a better time to enter a tourism career in New Zealand
Tourism is the number one export earner in New Zealand, worth $36 billion annually and directly employing more than 230,000 people - New research delving into the minds of New Zealand’s young people has uncovered some fascinating insights.
Castle Resorts & Hotels, one of Hawaii’s largest hotel and resort management companies, continues to expand its portfolio in Auckland, New Zealand with the Liberté Hotel.
AccorHotels Australia launches Facebook Chatbot, AccorBot
AccorHotels Australia has launched AccorBot - a completely integrated Facebook Chatbot, designed to help its 1.7 million Facebook fans with everything from hotel reservations, customer service queries, city guide information and more.
St. Regis Hotels coming to Melbourne's Flinders Bank in 2022
Local developer Century Group Aus has secured Australia’s first hotel under the renowned luxury St. Regis Hotels & Resorts brand - set to open at Flinders Bank in the Melbourne CBD.
Auckland International Airport continues to see tourism growth
In the year to 30 June 2018, Auckland Airport reported the total number of passengers increased by 5.7% to 20.5 million with international passengers reaching 11.2 million (up 4.1% on FY17) and domestic passengers lifting 7.7% to 9.3 million.
Colliers International release their Australia New Zealand Capital Market Investment Review Hotels research report
Gus Moors and Karen Wales of Colliers International have found that Australian hotel transaction activity slowed in FYE2018 with volumes easing to $1.338 billion - however deal flow increased with 35 transactions (above $10 million) concluding throughout the year; This compares to 30...
See the deductions available in a hotel lobby - BMT Tax Depreciation
Hoteliers are entitled to claim deductions in the form of depreciation for many of the assets installed during the fit-out of a property, including those commonly found in hotel lobbies.
