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Revival in hotel construction Australia-wide, Accommodation Australia reports

Hotel Management

Australia’s hotel industry has welcomed 20,000 new rooms and more than 200 hotels since the end of 2020, signalling a revival in construction in the wake of the pandemic. We’ve had 206 hotels open across Australia in the last three years,” said Accommodation Australia CEO Michael Johnson. “In

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Exclusive: strong start for WA’s first Courtyard by Marriott hotel as healthcare precinct drives occupancies

Hotel Management

In the hotel’s first week, even without a heavy marketing campaign, occupancy was circa 60% with one night over the weekend hitting 80% occupancy due to compression on the CBD, thanks to the hotel’s close proximity, Hunt shared. Elsewhere in the Australia Pacific region, Marriott is experiencing strong growth. “I

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Salter Brothers acquires Bannisters’ boutique hotel portfolio

Hotel Management

The current supply of new hotel accommodation is being hampered by rising construction costs, particularly for luxury venues in regional locations. These are distinct assets positioned in unrepeatable ocean view settings and boast a reputation of consistently achieving high occupancy levels.”

Hotels 162
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‘Unquestionable momentum’: Christchurch a major drawcard for investors as visitation booms, Savills reports

Hotel Management

Real estate experts from Savills have highlighted opportunity for property developers and accommodation operators in Christchurch as visitation and population growth rise. We are focusing on a range of strategic hotel developments in the central city,” said Savills’ Director of Commercial Sales and Hotels in Christchurch, Norman Engel.

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Exclusive: Hilton taps into MICE opportunities in regional Australia

Hotel Management

Owners are responding to the growing need for properties that cater to both business and leisure travellers to accommodate the popular “Bleisure” trend. Hybrid spaces that can host large conferences and provide exceptional leisure experiences are on the rise, allowing owners to maximize occupancy and rates throughout the week.

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Exclusive: Veriu Group CEO Zed Sanjana on scaling up apartment hotels

Hotel Management

Market challenges Upward pressure on construction costs There’s no doubting the last few years have been challenging ones for the property sector, which has experienced significant increases in the price of commercial construction since the pandemic.

Scale 130
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Exclusive: Ascott to open Sydney lyf, Oakwood Epping

Hotel Management

The 160-key lyf property, on Sussex Street in Sydney, is the third Australian property for the co-living brand and follows the opening of lyf Collingwood in May 2022, with a Bondi Junction property, currently under construction, due to open next year. Ascott is aiming for a mid-2025 opening.

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