Tourism Australia showcase regional investment opportunities
With international visitor spend growing a further 6 per cent in the last year to reach $41.3 billion, and 43 cents of every tourism dollar being spent in our regions, investment opportunities in Australia’s regional tourism destinations have been showcased by Tourism Australia and Austrade. ...
Marriott International announces vision for Sheraton transformation
Marriott International has announced its transformation vision for Sheraton Hotels and Resorts, the third largest brand in its portfolio which generates $9.2 billion in property revenue globally and currently consists of nearly 450 open hotels.
The most recent research released by Savills Hotels reveals that Australia's average RevPAR has seen an increase of 3.9%, with Darwin (up 18.3%), Cairns (up 6.9%) and the Gold Coast (up 6.5%) the stand out performers.
The world’s leading luxury private rental brand, onefinestay, has announced major additions to its luxury portfolio of global destinations including Australia and New Zealand.
Australia's Q1 2018 hotel market continues 2017's momentum
CBRE's latest Australia Hotels Marketview Q1 2018 report released today finds that the first quarter of 2018 maintained the momentum of the final few months of 2017, with a number of hotels transacting across the country.
Dransfield release their Hotel Futures 2018 report
Dransfield's latest Hotel Futures 2018 report indicates that with a positive supply and demand equation expected, sustained high occupancy and opportunity for rate growth will continue to see the tourism sector flourish in Australia.
International visitor numbers up, domestic travel up, national hotel performance up - and a positive hotel outlook are some of the key takeaways from Deloitte's first 2018 edition of their Tourism and Hotel Market Outlook.
Melbourne's charm pips Sydney as top Australian city for investment
Melbourne has pipped Sydney as the top Australian city for investment in the Asia Pacific region, followed closely by Brisbane - with Tokyo announced as the preferred destination for commercial property investors.
Travellers are set to be spoilt for hotel choice as Australia experiences its largest ever hotel expansion with Tourism Australia and the Australian Trade and Investment Commission (Austrade) joining forces in a strategic partnership to attract foreign direct investment to the tourism industry...