The Tasmanian Visitor Survey and International Visitor Survey released last month confirm's Tasmania's tourism industry continues to grow at a sustainable rate across every region of the State.
The Global Wellness Institute (GWI) estimates wellness tourism is a $639 billion global market, growing twice as fast as general tourism, with Australia in the top five wellness tourism markets in the Asia Pacific.
Asset shortage in key Australian cities drives acquisition spree by hotel groups
A shortage of suitable real estate for hotel developments in key cities such as Sydney, Melbourne, Gold Coast, Canberra, Auckland and Queenstown is behind a boom in acquisitions by top and mid-tier hotel groups - iPG’s quarterly Hotel Market Research Report.
The most recent research released by Savills Hotels reveals that Australia's average RevPAR has seen an increase of 3.9%, with Darwin (up 18.3%), Cairns (up 6.9%) and the Gold Coast (up 6.5%) the stand out performers.
