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.
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...
Digital Infrastructure Is Your Smartest Budget Investment This Year
It is never easy convincing hotel owners and senior management to invest in new systems and tools at budget season. Written by: Jurgen Ortelee, Managing Director - APAC, IDeaS Revenue Solutions
Hospitality and related Retail regaining strength - Colliers 2024 Global Investor Outlook
While Luxury resorts are performing strongly amid the resurgence of leisure travel and desire for experiences post pandemic, we expect capital values for the broader Australian hotel market to also remain competitive compared to global peers, said, Karen Wales Head of Hotels, Colliers,...
