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.
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.
Asia Pacific 1H 2022 hotel investment up 33% year-on-year as market moves above pre-pandemic levels
JLL estimates investment volumes totaled $6.8 billion in the first six months of 2022 and projects $10.7 billion in transactions for the full year despite macroeconomic and geopolitical headwinds.
With borders reopening and international flights now available, travelers are making up for lost time and booking their ‘bucket list’ holidays – so much so that Expedia has labelled 2022 the ‘GOAT’ (Greatest of All Trips).
Indonesia’s star-rated hotel occupancies continue to recover - HIS
According to Hotel Investment Strategies CEO and Founder Ross Woods, the monthly occupancy for Indonesia’s star-rated hotels will continue to lag occupancies until April 2023.
In recent years the hotel industry has been challenged like never before. Now that life is starting to return to normal and demand for travel is rebounding, competition in the hotel and tourism industry is set to become fierce.