Australia's StayWell group expands in India with Park Regis brand
One of Asia Pacific’s largest hotel management groups, StayWell Holdings, has announced it will further expand its Park Regis portfolio in India, with the rebranding of Aveda Resort & Spa in Kumarakom to Park Regis Aveda, Kumarakom scheduled to be completed by the end of May 2018.
Dransfield release their Hotel Futures 2018 report
Dransfield's latest Hotel Futures 2018 report indicates that with a positive supply and demand equation expected, sustained high occupancy and opportunity for rate growth will continue to see the tourism sector flourish in Australia.
Sunshine Coast's Badderam Eco Resort receives green light
The approval of a five-star luxury resort in the heart of Buderim, which will be the first of its type in the region, is projected to attract some 55,000 overnight visitors to the resort per annum contributing an estimated $35 million to the local economy.
International visitor numbers up, domestic travel up, national hotel performance up - and a positive hotel outlook are some of the key takeaways from Deloitte's first 2018 edition of their Tourism and Hotel Market Outlook.
Melbourne's charm pips Sydney as top Australian city for investment
Melbourne has pipped Sydney as the top Australian city for investment in the Asia Pacific region, followed closely by Brisbane - with Tokyo announced as the preferred destination for commercial property investors.
Travellers are set to be spoilt for hotel choice as Australia experiences its largest ever hotel expansion with Tourism Australia and the Australian Trade and Investment Commission (Austrade) joining forces in a strategic partnership to attract foreign direct investment to the tourism industry...
Australian tourism spending soars above $40 billion
The record run for Australian tourism rolls on with spending by international visitors reaching a new high of $41.3 billion for the year ending December 2017, an increase of six percent on the previous year representing an additional $2.2 billion to the Australian economy.
Choice Hotels Asia Pacific has announced the acquisition of four new-build properties across Australia and New Zealand, adding a total of 431 rooms to the group’s portfolio in the next three years.
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.
Cairns pips Canberra for top spot as hotels market set for stronger year
Cairns has returned to its familiar position as Australia’s best performing hotel market for the fourth consecutive year, following a strong final quarter.
