Nicole Sideris

Researchers have found that surging inbound tourism is set to boost Australia’s hotel occupancy levels in the next two years. Someone who is already reaping the benefits is Jerry Schwartz, one of the country’s most successful hotel magnates who’s employed a growing concept to leverage new business ROI opportunities. What’s shaping the next generation of hotels for investors and their guests? See the answer with expert insights from CBRE’s Phil Rowland, Sameer Chopra, Sachith Alwis and Wayne Bunz. 📌Read: https://cbre.co/4eFTb0i

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The challenge in Sydney is clear: creating vibrant Food & Beverage destinations to drive repeat visitation. Sydney's waterfront areas like Bangaroo and Darling Harbour struggle post-6 pm, needing more vitality. Without repeat visitors, finding fresh faces daily is a hurdle. The City of Sydney needs a transformation. It's not a walkable city and lacks amenities to attract locals and families. A celebratory hub, a sense of place, needs to be included. Decades of insufficient affordable rental accommodation have pushed key city workers to the Outer suburbs, turning Sydney into a "Tuesday to Thursday" CBD. This shift poses a threat to small businesses citywide. To thrive, new strategies must address Sydney's historic rental accommodation shortage, the worst in its history. #Sydney #CityTransformation #RentalHousingChallenge #Harropfactor

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𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 | 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟱𝘁𝗵 – 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟭𝟬𝘁𝗵 𝟮𝟬𝟮𝟰 🗓 ⭐ Explore weekly curated report summaries with key insights, neatly categorised by organisation, sector, and geography—perfect for any real estate professional! #1 M3 Property | Alternative | Australia | Gold Coast Backpacker Market View | November 2024 #2 CBRE | Hotel | Global | Hotel Brand Performance | November 2024 #3 NAB | Multi | Australia | Commercial Property Survey | November 2024 ⭐ To access the full report, please ask in the comment section! #CommercialRealEstate #MarketReports #PropertyInvestment #Australia

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Only 29 out of the 139 hotels projected to open in 2023 actually launched—a mere 21% realisation rate! Curious about the factors behind this significant shortfall? Watch this quick video where Trevor Ward breaks down the reasons behind the slow progress and what it means for the industry. Learn More: https://hubs.la/Q02XSfff0

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Australia’s hotel sector tipped to benefit from occupancy and room rate growth as inbound tourism recovery gathers momentum   Surging inbound tourism will help boost Australia’s hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts. CBRE Hotels latest Australia Overview and Outlook report highlights that domestic travel in commercial accommodation across Australia surpassed pre-pandemic levels in 2023 in terms of both travel nights and spending across most states, despite an uplift in outbound international travel. In the global gateway states of New South Wales and Victoria, domestic travel nights were up 5% and 13% respectively on the year prior CBRE’s Australian Head of Hotels Research Ally McDade said she anticipated a consolidation in the domestic tourism market throughout 2024 as last year’s outbound travel spike – which was driven by pent-up demand – began to moderate. CBRE Regional Director, Hotel Valuations, Troy Craig noted, “Performance indicators experienced solid growth in 2023 with Average Daily Rate (ADR), Occupancy and Revenue Per Available Room RevPAR increasing 4%, 7% and 11%, respectively, although the rate of growth has moderated compared to the rapid pace achieved in 2022.” Alexia Morelli Raymond Tran Wayne Bunz Michael Simpson Hayley Manvell Scott Callow Aaron Desange Ryan McGinnity Paul Fraser Northy Chen Steve Carroll The ASEAN Developer #cbre #hotel #hotelindustry #hoteldemand #hotelbookings #hotelrevenue #hoteloperations #hotelowners #hotelmanagement #hotelier #hotelbusiness #hotelbusiness #hotelsforsale #hotelrefurbishment #hotelresearch #australiantourism #travelindustry #tourismindustry

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Accommodation Australia and the Australian Hotels Association have warned the decrease in permanent migration planning levels in the Federal Budget will have a direct impact on hospitality services, especially in the regions. Accommodation Australia CEO Michael Johnson said uncertainty remained over the Government’s overall migration strategy, with certain elements still under review. “In the first draft of the Core Skills List, the primary list does not contain cooks and chefs which is worrying to say the least,” Mr Johnson said. “It is hard to understand that with more than 12,000 vacancies nationwide, just why cooks and chefs cannot be given certainty as a core skill Australia requires? “We are also still fighting to retain the rule that makes backpackers spend time in the regions and remote Australia if they want to stay in Australia for a second or third year. “Even though students are here to study first and foremost they do make up an important part of our workforce in pubs and hotels – especially in regional areas.” #federalbudget #accommodation #AHA #hospitality #migration

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SaCSA Stakeholder Engagement Manager (Hospitality) Chantelle Martin joined Queensland's tourism leaders at Destination IQ and DestinationQ Forum at The Star Brisbane. The event highlighted significant investments in eco-tourism initiatives and vital infrastructure projects across the Whitsundays, Palm Island, and Gold Coast. Building on Destination IQ's focus on First Nations tourism opportunities, digital transformation emerged as a key priority. Premier of Queensland David Crisafulli MP and Minister for the Environment and Tourism/ Minister for Science and Innovation Hon Andrew Powell MP GAICD announced a 20-year tourism vision. The forum also focused on the economic impact of major regional events, with industry leaders exploring resource-sharing partnerships and sustainable Tourism practices to enhance Queensland's global appeal. Inspiring keynotes from Olympic champion Ariarne Titmus, Paralympian Curtis McGrath, and futurist Anders Sorman-Nilsson highlighted innovation opportunities on the road to Brisbane 2032. Queensland Tourism Industry Council Queensland Government Tourism and Events Queensland #TourismWeek #DestinationIQ #DestinationQ #QueenslandTourism #Brisbane2032

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The work doesn't end just because the guests are gone. Before you take a much-deserved break, here are some key things you should do as soon as the venue's doors close! Read the entire article here: https://lnkd.in/gBHatA4X

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The Eyre Peninsula in South Australia, with its 2,400km of stunning coastline and landmass greater than the whole of the United Kingdom, is facing its worst shortfall in affordable, inclusive quality residential accommodation in the State's history, especially to attract enough "Essential Workers". Did you know that the Eyre Peninsula, with its stunning coastline of 2,400km and booming Port Lincoln fishing industry, home of the largest fishing fleet in the Southern Hemisphere, is Australia's Seafood Frontier and needs inclusive, quality residential accommodation for its "Essential Workers?" The chronic shortage of affordable rental options makes it challenging to attract and retain skilled "Essential workers", especially in Whyalla, the gateway city for the Eyre Peninsula's scalable Green Hydrogen production facilities, destined to become the world's largest Green Hydrogen production facilities needed as a replacement for Australia's polluting diesel fuel mostly imported and subsidizes or rebates to Mining, Transportation and Farming sectors over $11bn of Federal Government subsidies or rebates this year. With the South Australian government's plans for workers' tin huts falling short, Thrive Alliance consortia members offer a solution with their innovative and inclusive mid-rise apartments and townhouses in less time than the State Government of South Australia unrealistic plans of workers' huts in Whyalla a non-inclusive disguised mining camp plan,not part of the need to grow Whyalla strong sense of community, with a State Government plan after this use becomes tourism accommodation is lacking understanding of what the region needs to develop National and International tourism is high-quality International Hotels as destinations, not disused workers tin huts. These permanent housing options provide "inclusive" quality residential accommodation for long-term use, freeing up thousands of homes for much-needed workers and baby boomers looking to downsize and stay in the communities they love. Join us in building a sustainable and thriving inclusive community on the Eyre Peninsula. Thriveconstruct.com.au #SouthAustralia #EssentialWorkers #SeafoodFrontier #GreenHydrogen #ThriveAlliance

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Craig Dennington, Regional Director for AU & NZ, was featured in a recent Travel Weekly article ahead of Coldplay’s "Music of the Spheres World Tour" kicking off in Melbourne this week! Craig provides his expert insight on how hotels can better prepare for surge bookings ahead of large-scale events and concerts. ✈️🎶 "To truly capitalize on this demand, hotels need to focus on delivering value that goes beyond inflated prices. While raising rates in response to increased demand is understandable – Sydney’s average daily rate is already up by 30% compared to last year – guests need to feel that the experience is worth the cost. By prioritizing service, amenities, and unique touches, hotels can turn short-term gains into long-term loyalty, encouraging repeat visits even after the concert buzz fades." Key Takeaways: 📈 Surge in Bookings: Flight bookings to Melbourne up 47%, and Sydney sees a 44% increase, thanks to the band's tour dates. 🏨 Hotel Boom: Sydney hotels report a staggering 125% rise in bookings ahead of the concerts, with average room rates up 30%. 🎉 Guest Experience Matters: To stand out, hotels must enhance their offerings, creating unique concert-themed packages and exceptional service. 🌍 Economic Impact: Large events like this not only boost hotel revenues but also benefit local businesses, fostering sustained economic growth. Click the link to read more about how Coldplay's tour is transforming the hospitality landscape: https://bit.ly/4f6nhdR #APACHospitality #HotelierInsights #TravelTrends2024 #GuestExperience #RevenueGrowth #HighReturnHospitality

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Unlock your potential in the dynamic hospitality industry with these 10 must-have skills! From excellent communication to emotional intelligence, mastering these key areas will set you up for success in Australia's bustling hospitality scene. Dive into our latest blog post to discover how you can thrive and make a lasting impact. 🌟🍽️🏨 #workinhospo #hospitality #career #skills #getajob #hospitalityroles

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Why am I not surprised by the recent success of Adelaide's hotel industry? With now record levels of hotel occupancies among the highest levels of hotel occupancies in Australia. The International Hoteliers Conference, held in Adelaide for the third year in a row, was a hit, and over 1,000 international hoteliers are returning next year. It seems they can't get enough of Adelaide's charm. Over the last 18 months, Adelaide's Hotels have achieved the highest hotel occupancies in Australia, reaching 90% and beyond. Adelaide has emerged as a solid national tourism destination, attracting visitors from all over. Despite Adelaide's new 5-star International Hotel, the Sofitel, being recently sold at a record $600,000+ per key, https://lnkd.in/d5rF3Gd5 Interestingly, the new Sofitel is not in a prime location compared to the latest 5-star Marriott International Hotel, which will open soon in the prestigious Victoria Square. This area is the epicentre of significant events in South Australia, including "Tasting Australia," which drew over 60,000 people, almost 50% of whom were national visitors. https://lnkd.in/dd6_PCEy The city's vibrant events, such as the Adelaide Festival of Arts and the Adelaide Fringe, which recently sold over 1 million tickets, continue attracting locals and national visitors. #Adelaide #Nationaltourism

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Since Australia reopened its borders in 2022, the tourism sector has witnessed a vigorous rebound, setting the stage for an optimistic outlook for hotel investment activity. Our latest Asian Cities 1H/2024 Australia Hospitality Spotlight report shows annual short-term visitor arrivals into Australia increased by 56% over the year to March 2024 to 7.8 million, while the number of tourist arrivals (arrivals who nominate a holiday as their main reason for travel) roughly doubled to 3.3 million over the same period. Although visitor numbers to Australia have risen significantly, the recovery still has a way to go. Short-term visitor arrivals haven't fully bounced back from the pandemic, with annual arrivals up to March 2024 still 18% below December 2019 levels, and tourist arrivals 27% lower. However, the Australian Trade and Investment Commission (Austrade) predicts that international arrivals will surpass pre-pandemic levels by 2025, with strong growth expected in the coming years. #Savills #Research #Australia #hospitality #hotels #tourists #tourismindustry

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According to recent Big Red Group booking data, demand for wellness tourism is on the up in Australia! Bookings in the 'wellness' category of experiences have surged by an impressive 228.4% year-on-year, with Victoria and Northern Territory showing notable growth in this sector. Specifically, spa experiences have seen a 19% increase compared to last year. There's also a marked rise in demand for hot pools, springs, and wellness centers, indicating a shift away from conventional massage and facial packages. 💆‍♂️✨ Want to find out more? Read a full article in Karryon: Together In Travel here: https://lnkd.in/g5J3Hc2u Have you embraced wellness experiences this year? Let us know in the comments below! #WellnessTourism #TourismTrends #BigRedGroup

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How can Australia navigate the future of #businessevents amidst the challenges and opportunities as a premier destination? Key insights from Phillipa H., Managing Director of Tourism Australia: 🍃 Many people feel that traveling such long distances for conferences is not #sustainable. Travelers are now staying longer and spending more, combining #business with leisure. 🌎Australia's geographic advantage—proximity to South-East Asia and unique experiences—keeps it competitive. 👥 Strategic collaboration is key. Team Australia unites local governments and industry partners to promote #innovation and strategic industries. Discover more insights below!

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In a planet-friendly move, Quincy Hotel Melbourne has become the first hotel in Victoria to become Climate Active Carbon Neutral Building certified through the National Australian Built Environment Rating System (NABERS). “Hoteliers have a responsibility to play a part in mitigating climate change and supporting the sustainable development of the hospitality sector to create a greener tomorrow,” said TFE's Group Chief Operating Officer, Chris Sedgwick. “By monitoring Scope 1, 2 and 3 emissions, our individual hotels, regions and ownership groups can identify the activities which generate the most GHG emissions to assist in identifying initiatives that will provide real emissions savings.” Additionally, Quincy Hotel General Manager, Andrew Edwards says: “In just a short time, we’ve made some inroads and, in addition to investing in NABERS certification, looking at green power, carbon offsetting and initiatives that relate to greenhouse gas emissions, water, waste and energy, we’re also looking at purchasing decisions and our supply chain.” The Hotel Conversation covered this breaking news story here: https://lnkd.in/gTD826Tu To book a stay at Quincy Melbourne, head here: https://lnkd.in/ghzraxK #hotelmanagement #hospitality #travel #tourism #leisuretravel #hotels #travelling #holidays #findmore #tfehotels #australianstories #australiasinternationalhotelgroup #hotelnews #sustainability #hoteliers #hoteldesign #EnergyEfficiency Jodi Clark Tish Nyar Stephen Lye Sarah Smith Stephen Moore Andrew Buchel Sarah Knight

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Queensland’s tourism sector is attracting world class investment!!

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