"Domestic demand in New Zealand offsets soft international numbers" - reports CBRE
International visitor nights across New Zealand decreased by 2.3% in the 12 months to June 2019, while domestic nights increased by 3.8% resulting in a 1.1% increase overall - the CBRE New Zealand Research Centre has reported.
CBRE release their 2019 hotel market outlook research report
CBRE's latest research report has found that Australian hotels on average recorded 1.2% RevPAR growth in 2018, a positive result but lower than the 2.8% growth recorded in 2017.
Hotels digitise in wake of the ‘new’ customer - CBRE Hotels CheckIn Report
The key outtake from CBRE Hotel’s annual CheckIn report is the emergence of a ‘new’ hotel customer which is forcing hotel operators to change their business models, with many adopting new technologies to meet the growing demand for convenient and engaging experiences.
The performance of New Zealand hotels nationwide continues to improve with a recorded occupancy rate of 81.2% in the year to December 2017, with Queenstown the fastest growing market again in 2017 reporting RevPAR growth of 16.1%.
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.
CBRE reports major tourism projects bringing investment back to Brisbane
The new Brisbane International Cruise Terminal, Queens Wharf Development and several other major projects currently underway will boost the appeal of Brisbane as a destination for both domestic and international visitors.
New South Wales pubs market outperforming all other property sectors
The latest CBRE Pub Trends Research Report indicates that New South Wales and Victoria are leading the pack in the Australian pubs market for the first half of 2017.
