The last quarter of the 2018 financial year delivered a boom for inbound tourism numbers, delivering strong RevPAR results for the top end of the country, but limited transaction volumes increased competitive tension amongst investors keen to secure assets in the core Australian market.

Australia and New Zealand recorded a strong opening quarter for inbound tourism, with record occupancy rates in Australia demonstrating the reason why it remains a highly sought after hotel investment destination. Nonetheless, continued short supply in Sydney, Melbourne, Gold Coast, Canberra, Auckland and Queenstown has dampened sales results compared to
previous years.