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.
US-based Travel and Transport sold to Corporate Travel Management for $274.5 million
Corporate Travel Management Limited has announced the acquisition of Travel and Transport, including its Radius Travel business, for $274.51 million, creating one of the world’s largest global mid-market corporate travel managers.
Lord Howe Island announces reopening with flights to resume from October 3
NSW Health has repealed the Public Health Order currently in place that has restricted travel from the Australian mainland to Lord Howe Island during the coronavirus pandemic.
Fantauzzo Art Series Hotel at Brisbane's Howard Smith Wharves sold to Ghassan Aboud’s Crystalbrook Collection - CBRE
Ghassan Aboud’s Crystalbrook Collection has acquired Brisbane's Fantauzzo Art Series Hotel in a deal negotiated by CBRE Hotels’ National Director Wayne Bunz.
AA commends state governments for 'sensible' easing of border restrictions
Accommodation Association CEO Dean Long said this week's reopening of the South Australian border with New South Wales and the relaxing of some restrictions on the Queensland border with New South Wales from next month were a sensible step in the right direction.