Confidence in Australia’s hotel market has continued throughout the first half of 2019, after a slower end to 2018. This year, some cities are booming with new hotel developments and transactions whilst others are maintaining slow and steady growth.
China continues to be the backbone of Australian tourism and its exponential growth ensures occupancy rates remain high across the major cities. The growing appetite for luxury and a willingness to spend amongst this group will guarantee that Australia’s hotel standards cater to this discerning market.
Discover how investors can benefit from the Australian hotel market with this report.