Hotel investment appetite strong despite short-term tourism outlook - CBRE
Nearly 90% of hotel-industry participants in Australia and New Zealand are looking to maintain or increase their exposure to the sector, despite a consensus that per-room revenue in some major cities could take three-to-five years to recover to pre-pandemic levels.
Marriott International announce agreement with Iconic Hotels to open Midnight Hotel in Canberra
Marriott International have signed an agreement with Iconic Hotels to open Midnight Hotel in Canberra in September, part of Autograph Collection’s distinctive portfolio of inspiring hotels.
Hilton, M20 and Ledrae Hotels confirm negotiations to build and operate Hilton Canberra and Trade Centre
Hilton, M20 Pty Ltd and Ledrae Hotels Pty Ltd have confirmed negotiations with the ACT Government to build and operate the 253-Room Hilton and the Trade Centre in Canberra.
ACT’S best hotels, bars and restaurants honoured at AHA Hospitality and Tourism Awards
The leading lights of ACT hospitality were honoured at the 2019 Australian Hotels Association (AHA) ACT Hospitality and Tourism Awards, with a gala dinner held at the CBD's Hotel Realm.
Canberra, Cairns and Sydney steal the march on interstate hotel rivals
The Nation's Capital has retained its position as the top performing hotel market in the country, swiftly followed by Cairns and Sydney, posting double digit RevPar growth for the first time this decade according to CBRE’s latest Australia Hotels MarketView.