Turning point for Australia’s hotel investment sector as activity hits a record low - CBRE Report
CBRE’s new Hotel Sales in Review 2020 report highlights recent deals such as the $180 million AccorInvest portfolio transaction as signs of a turning point for the sector, as the market begins a slow recovery from COVID-19.
Australian hotel bookings increase as supply headwinds loom - Colliers International
A new report from Colliers has found Australia’s hotel booking volumes increased throughout October, with further growth predicted as the country heads into the peak summer season, offsetting a slew of new rooms which are now anticipated to open over the next six months.
Subdued Australian investment as Asia Pacific experiences 'unprecedented' first half downturn - CBRE
New data from CBRE has shown the depth of COVID-19's impact on hotel markets in the Asia Pacific, with the region experiencing the largest year-on-year decline in tourist arrivals of any region in the first half of 2020 at 72 per cent.
'Many factors to consider' as events and meetings return - Marriott
A new survey from Marriott Bonvoy has revealed a 50-50 split between respondents who intend to proceed with offline events as travel restrictions are eased and those who will continue with the virtual format.
Hospitality businesses optimistic about the economy despite cashflow impact - Sensis
Hospitality businesses around Australia are among the most optimistic of any sector when it comes to the country's economic recovery, according to a new Sensis survey.
Perth and Brisbane leading CBD hotel markets across Australasia
A new report from CBRE shows while the lifting of restrictions in early June saw an initial bounce in room demand across CBD hotel markets in Australasia, recent developments in certain areas have meant Perth and Brisbane are emerging as better performers, with Auckland’s demand recovery...
Previous market disruptors give glimpse into hotel sector recovery - Colliers report
Previous market disruptors can provide insights into the timeline anticipated for the recovery of Australia’s Hotel sector, according to Colliers International’s Valuation in a COVID-19 Climate report.
Tough times ahead but hospitality and accommodation sector showing resilience - Sensis Business Index
Sensis CEO John Allan says the hospitality and accommodation sector had demonstrated "amazing resilience" in the wake of COVID-19, following the release of new data from the company showing businesses had been "hit from all sides" during the pandemic.