The Australian hotel market had a strong end to 2017 and start to 2018, with the eastern seaboard states of New South Wales, Victoria and Queensland displaying solid growth and fundamentals.
Last year, Australia welcomed 1.35 million Chinese visitors, with this group overtaking New Zealanders to become Australia’s largest inbound visitor segment, highlighting China’s importance to Australia. The number of Chinese outbound tourists reached 130.5 million in 2017, with Australia capturing just 1.04% of this market. iProsperity forecasts the potential for a rise in market share in the future, with investment opportunities aplenty.
Discover how investors can benefit from the Australian hotel market with this report.