Perth and Brisbane leading CBD hotel markets across Australasia
A new report from CBRE shows while the lifting of restrictions in early June saw an initial bounce in room demand across CBD hotel markets in Australasia, recent developments in certain areas have meant Perth and Brisbane are emerging as better performers, with Auckland’s demand recovery...
Activation of Canberra CBD to drive visitation going forward - CBRE report
Canberra's development of a light rail and new mixed-use precincts is expected to drive visitation to the nation's capital going forward following a disrupted 2019 for city's hotel market, CBRE says.
Sydney hotel performance experiences softening despite tourist increase - CBRE
An increase in tourist volume has not been enough to stop Sydney's hotels from recording a drop in revenue per available room and average daily rate in 2019, according to a CBRE report.
