Skip to main content
Advertisement

Topic - Market Report Australia


Market Report Australia

Boutique Hotels Outpace Larger, International Rivals in Australia

While boutique hotels have traditionally achieved lower occupancies, room rates and revenues than their larger, international rivals the tables have turned according to new CBRE Viewpoint, which highlights a significant shift in domestic travel demand.





Market Report Australia

Australia Key City Hotel Market Outlook June 2022 Edition - By Damien Little

The Australian business outlook forecasts growth in 2022- 23. The unemployment rate is expected to moderate to an average of 3.8%, population to expand by 276,000 people, almost double the increase in 2021-22 and more than 290,000 people to join the labour force in 2022-23.



Market Report Australia

STR Reports Australia Hotels Show Holiday Demand Lift

Lifted by the upcoming holiday season, occupancy on the books is rising in Australia’s key hotel markets with Brisbane and Adelaide nearing 70% for New Year’s Eve, according to STR’s Forward STAR.


Market Report Australia

STR Reports Australia Hotel Occupancy Grows with Restrictions Eased

Australia had been one of the highest-performing countries in 2021 until lockdowns in Sydney and Melbourne pulled national occupancy down to as low as 25.9% on 8 August 2021. With those lockdowns lifted, the country reached as high as 51.1% occupancy on 30 October (Saturday).