Stronger events proposition could boost hotel demand - CBRE New Zealand
As Auckland's hotel industry grapples with a surge in room supply and low occupancy rates, new research from CBRE uses examples of events in Australian cities to demonstrate the value an improved forward schedule of major events could provide to hotel business.
Cairns Freedom Hostel sold and rebranded amid a wave of backpacker and hostel deals. CBRE’s Danny Betros and Hayley Manvell brokered the Cairns deal on behalf of the Melbourne based vendors Shield Abbott Pty Ltd.
