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.
Avani Hotels & Resorts announce two new properties - Avani Adelaide and Avani Melbourne Box Hill
Building on the success of its debut on the Gold Coast and central Melbourne, Avani Hotels & Resorts are welcoming guests to two new properties - Avani Adelaide Residences and Avani Melbourne Box Hill Residences.
From March 2017 to March 2018, international visitation to South Australia increased by 9% to 475,000 international visitors - and with a new airport for Adelaide on top of hotel brands lining up, it's expected this trend will continue.
Australia’s most iconic food market will be the focal point of IHG’s latest hotel signing, with the 16-storey Hotel Indigo Adelaide Markets set to open in 2020 in partnership with Primefield Property Pty Ltd.
Event Hospitality's Atura Adelaide Airport Hotel to open next month
The highly anticipated 165-room, seven storey Atura Adelaide Airport Hotel will open next month on the first of September, which will service the eight million passengers flying into one of the nation’s fastest growing international airports.