"Sydney's high occupancy levels illustrative of strong underlying demand" - Knight Frank
According to leading hotel researcher STR Global, Sydney hotels currently enjoy occupancy of over 85%, the highest out of all major cities in Australia. This has largely been underpinned by strong demand for quality accommodation from tourists and business travellers.
BMT Tax Depreciation have advised that boutique hotel investors may be eligible for thousands of dollars in property depreciation deductions, a non-cash deduction, meaning hoteliers don’t need to spend any money in order to claim it.
Next Story Group names Patrick Imbardelli as Chairman
International hospitality company Next Story Group has appointed hospitality professional Patrick Imbardelli as Chairman of its Board with immediate effect.
The year of growth for the Accommodation Association of Australia
Heidi Kunkel, Vice President of Operations, Australasia at Hilton has elected to join the National Board of the Accommodation Association of Australia (AAoA).
Best Western celebrates one year transition to Property Direct Relationship model
Twelve months on, Best Western Australasia is marking the milestone of a successful first year since the transition to a Property Direct Relationship (PDR) for properties in Australia and New Zealand, implemented 1 June 2018.
Marriott grows across Asia Pacific with new openings in 2019
Marriott International has announced strong growth of its Asia Pacific luxury portfolio with 13 new luxury properties projected to open in 2019, offering a wide range of transformative experiences designed to capture the modern luxury traveller.
Design secrets of The Fantauzzo Hotel by Furn-Niche
The striking fitout of the latest Art Series Hotel, The Fantauzzo in Brisbane’s Howard Smith Wharf precinct, was a collaboration between developer, architect, builder and furniture specialist, Furn-niche.
Accommodation Association of Australia (AAoA) President Julian Clark, on behalf of the Board and Members today announced the appointment of their new Chief Executive Officer, Mr Dean Long to replace the outgoing CEO Mr Richard Munro.
Michael Johnson commences new role as Tourism Accommodation Australia CEO
Respected tourism industry hotelier Michael Johnson has formally taken up the reins at the accommodation sector’s peak body - Tourism Accommodation Australia (TAA).