JLL Hotels and Hospitality Group's latest research report covers 25 key cities across Asia Pacific and provides the latest data on tourist arrivals, demand, supply and our market outlook and provides an update on notable new and upcoming hotels as well as recent hotel transactions.
Tourism in Sydney for the YTD March 2017 recorded "11.4 million visitor nights which represents 6.4% of the total visitor nights in Australia with international visitor nights accounting for 75.1% and domestic nights 24.9% of the total visitor nights within Sydney," states JLL's Hotel Destinations APAC Report.
"Mainland China is Sydney’s largest source market, contributing 25.5% of all international visitor nights for the year to date March 2017, while also representing growth of 25.5% year on year. The next greatest sources of visitation were the UK (10.7%), the USA (8.4%) and Japan (6.6%)."
The Melbourne hotel landscape has seen approximately "427 rooms added into the market in 2016, most of which are upscale/luxury properties in the Melbourne CBD and Docklands area."
JLL's Hotels and Hospitality Group are aware of six short-term accommodation developments currently under construction and due for completion by 2020. If all projects materialise, this will represent an increase of 1,719 rooms or 8.8% on the existing stock.
Domestic and international guest nights in Auckland increased 2.2% for year ended 30 June 2017 compared to the corresponding prior year period.
"The growth in visitor numbers translating to growth in guest night demand, helped to drive Auckland hotel average occupancy levels to a record high level of 87.0%".
"Auckland’s market occupancy has risen every year since 2010, after reaching a post GFC low of 69.5% in 2009."
The report also focuses on other major cities and regions including Bali, Brisbane, Hong Kong, Osaka, Singapore and others.
View and download the full Hotel Destinations APAC Report October 2017.
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