New Zealand tourism sector continues to break records
A recent report released by Dean Humphries of Colliers International has announced that the New Zealand tourism sector continues to enjoy record-breaking inbound travellers with a total of 3.7 million visitors arriving in the country for the year ended August 2017, a 9.3% increase year-on-year...
JLL releases Hotel Destinations APAC Report October 2017
JLL Hotels and Hospitality Group's latest research report covers 25 key cities across Asia Pacific and provides the latest data on tourist arrivals, demand, supply and our market outlook and provides an update on notable new and upcoming hotels as well as recent hotel transactions.
AccorHotels makes $1.2 billion bid to acquire Mantra Group
The ASX has just received notification from the Mantra Group that it has received an indicative and non-binding proposal from AccorHotels to acquire the hotel company for AUD$3.96 per share which is understood to be brokered by JLL's Hotels and Hospitality Group.
AccorHotels expands in Asia Pacific with Sofitel Wellington, Sofitel Sydney Darling Harbour and Pullman Brisbane Airport
The October 2017 openings in Wellington, Sydney and Brisbane plus new hotels in Kuala Lumpur, Singapore and Shenyang will see the expansion of the Sofitel and Pullman brands, which fall under AccorHotels’ luxury and upscale collection.
Hotel development in New Zealand shows unprecedented growth
Auckland, alone, has nine current hotel projects under construction and 30 more in the pipeline as investors look to take advantage of the ongoing tourism boom that started in 2013.