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.
Australian hotel sales total $1.8 billion in 2018 - Colliers International Report
Despite a slow start to 2018, Australian hotel sales volumes picked up over the second half of the year to record a total of $1.8 billion, across 37 transactions (including two portfolio deals), according to Colliers International.
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.
‘Hotels of the Future’ changing Australia’s hotel industry today
A new Tourism Accommodation Australia research report released today highlights the dramatic expansion and transformation of Australia’s hotel industry, with a new generation of hotels being developed to cater for a new era of travel.
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.
Colliers International release their Australia New Zealand Capital Market Investment Review Hotels research report
Gus Moors and Karen Wales of Colliers International have found that Australian hotel transaction activity slowed in FYE2018 with volumes easing to $1.338 billion - however deal flow increased with 35 transactions (above $10 million) concluding throughout the year; This compares to 30...
Darwin and Gold Coast top hotel performers edging out Cairns, CBRE Hotels MarketView report
Gold Coast and Darwin shone as Australia’s best performing hotel markets over the last 12 months, edging Cairns from the top spot as reported by CBRE’s latest Hotels MarketView report for Q2 2018.
See the depreciation deductions available in a hotel room
Depreciation is one of the most commonly overlooked tax deductions by property investors and research suggests that around 80 per cent of hotel owners fail to maximise the deductions available to them and are therefore missing out on thousands of dollars.
Marriott hotels to remove plastic straws worldwide by July 2019
Marriott International has announced that it has adopted a plan to remove disposable plastic straws and plastic stirrers from its more than 6,500 properties across 30 brands around the world - which would eliminate the use of more than 1 billion plastic straws per year and about a quarter...
Get to know Wyndham South East Asia and Pacific Rim new boss Joon Aun Ooi
Wyndham Hotels & Resorts has announced Barry Robinson's replacement, appointing Joon Aun Ooi to the role of President and Managing Director for South East Asia and Pacific Rim - Exclusively speaking to The Hotel Conversation, Mr Ooi reveals 13 new hotel openings this year, including Ramada...