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.
Gold Coast hotel market boom ahead of Commonwealth Games
In the lead up to the 2018 Commonwealth Games, the Gold Coast accommodation industry has experienced one of its best starts to the year with hotel occupancy rising to 83.4% in January.
Mollymook ‘golden triangle’ motel fetches $6.57 million
Mollymook Shores Motel, boasting prime beachside location within what’s known in property circles as Mollymook’s ‘golden triangle’, has been sold for $6.57 million.
IHG announces Crowne Plaza for Adelaide’s tallest building in 2020
Crowne Plaza Adelaide will return in 2020, bringing the leading upscale brand back to the city, bigger and better than ever at its new address in Adelaide’s tallest building, Frome Central Tower One.
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.
Five things hoteliers should know about depreciation
As owners of a commercial property, hoteliers are entitled to a range of depreciation deductions, however, many hotel owners and operators remain unaware of this tax benefit and thus are missing out on thousands of dollars each year.
New Zealand is likely to start feeling the effects of “tourism fatigue” as record-breaking visitor numbers put an increasing strain on accommodation and infrastructure.
