L to R: Henry Chin, Global Head of Investor Thought Leadership & Head of Research Asia Pacific, and Steve Carroll, Head of Hotels & Hospitality, Capital Markets, Asia Pacific for CBRE.
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Asia Pacific Hotels & Hospitality Market Continues to Grow as Travel Demand Returns
Investment in Asia Pacific Hotels Rises to $10.1 Billion YTD—17% Increase Y-O-Y. Investors’ strong capital reserves are underpinning increased appetite for operational real estate, with well-located, high-quality hotel assets in key markets keenly sought after,” said Steve Carroll, Head of...
Marriott International poised to expand Asia Pacific luxury hotel portfolio
Marriott International poised to expand Asia Pacific luxury hotel portfolio with 14 expected additional properties by end of 2023. "Today’s luxury traveler is looking for authentic experiences that are personalized, thoughtful and uniquely meaningful," said Bart Buiring, Chief Sales and...
Accor calls for investment in events to fast-track tourism revival, as Regional WA leads the way
Sarah Derry, CEO of Accor Pacific said, “The tourism industry will require government support for tourism generation and the establishment of new markets such as India, as it is unlikely that overseas markets like China are going to recover in the short-term.”
BMT Tax Depreciation outlines what temporary full expensing is, explains business and asset eligibility and shows just how lucrative it can be once applied using a newly upgraded Gold Coast resort as an example.
Build Skills For Life in Hospo - AVC offers $1k Vouchers & $1k Bonus Hiring Incentives as functions bookings forecast to be up 86%
Australian Venue Co (AVC) aims to recruit more than 2500 positions in preparation for a record breaking summer Already, long lead functions bookings are forecasted to be up by 47% for November and 86% in December, AVC’s Chief People Officer, Rachel Checinski says that hospitality offers skills...
Window of opportunity: The current hotel investment market-Colliers
Colliers’ Australian Hotel Investment Market Report H1 2022 reveals shifts in vendor and purchaser movements,by Karen Wales, National Director, Asia Pacific, Hotels Transaction Services, Colliers.
Tourism leader rolls up sleeves to help with staff shortage
Barry Robinson, President and Managing Director of International Operations for Wyndham Destinations, switched his suit for a chef’s apron at Wyndham Surfers Paradise this morning to help out the hotel team during a staff shortage. Wyndham Destinations Asia Pacific is currently recruiting for...
Caravan Parks underpinned by large land holdings in demand says Ray White Commercial
Caravan and tourist park assets are often positioned in between travel routes and growing regions and cities, says Ryan Langham and Nathan Huxham from Ray White Commercial Burleigh Group who have listed 5 Caravan Parks for sale in the last few weeks stretching from Dunk Island through to Ballina...
Management Rights’ industry worth $4.8b in Australia, according to groundbreaking report from ResortBrokers
Management Rights contributes a staggering amount to the Australian economy, with $120 billion of accommodation assets under management, according Management Rights’ Report 2022 authored by ResortBrokers Alex Cook, Tim Crooks and Josh Mangleson.
Guests are willing to pay up to a 30% premium for Lifestyle Hotels, says CBRE
When selecting hotels, guests show they would be willing to pay on average a 16% premium for a lifestyle property over a traditional one, with some guests willing to pay up to 30% more, latest CBRE research finds.
