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.
Mantra CEO Bob East officially announced as Tourism Australia Chairman
Steven Ciobo MP, Federal Member for Moncrieff and the Minister for Trade, Tourism and Investment has announced that existing Board member Bob East will take up the position of Chair.
AccorHotels expands in Asia Pacific with Sofitel Wellington, Sofitel Sydney Darling Harbour and Pullman Brisbane Airport
The October 2017 openings in Wellington, Sydney and Brisbane plus new hotels in Kuala Lumpur, Singapore and Shenyang will see the expansion of the Sofitel and Pullman brands, which fall under AccorHotels’ luxury and upscale collection.
Savills reports Australia recorded the second highest transaction volumes across Asia Pacific totalling AU$462.2 million
Australia is perceived to be a low-risk investment market, boosting demand for hotels according to the Research Report produced by Michael Simpson, Raymond Clement and Simon Smith of Savills.
Australia and New Zealand hotel market records $2 billion in transactions over the 2016/17 financial year
According to Ray White's latest Commercial Research, the Australian and New Zealand hotel markets have overall had some impressive results over the last few years, with the bulk of high profile sales completed in Melbourne and Sydney.