Accommodation Pipeline
After a prolonged period of limited new supply, developers have begun to recognise Australia's solid demand fundamentals and the major markets are now seeing a range of exciting hotel product being built.
As of January 2020, there are a total of 57,316 rooms in the hotel development pipeline until 2028, from a total of 332 projects.
Tourism and Hotel Market Outlook 2019. Strong growth remains on the cards, but headwinds on the horizon. According to Deloitte Access Economics’ latest Tourism and Hotel Market Outlook, strong performance in Australia’s tourism sector in the last year has seen the sector’s growth outpace Australia’s national growth rate for the third consecutive year. Virtual and Augmented Reality - Mostly related to video gaming, VR and AR technology has found its place in the casino industry as well. VR and AR casinos are still new and in an experimental stage. However, they are already famous among many players. VR casinos are just like real casinos. Gambling jobs in Sydney NSW. Sort by: relevance - date. Page 1 of 42 jobs. Displayed here are Job Ads that match your query. Indeed may be compensated by these employers, helping keep Indeed free for job seekers. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed.
Australian Accommodation Report
RevPAR to return to growth
A diision o the aha Creating a long term Future For the Sydney hotel induStry 2 OvErviEw Of SydnEy HOTEl induSTry Current Performance The Sydney hotel market1 is the largest in the country and has performed well in recent years, with occupancy, average daily rate (ADR) and revenue per available rooms (RevPAR) all increasing from 2006. The City of Sydney local government area (LGA) and has a capital investment Value of $ 529,398,061.92. The proposal is predicted to create approximately 265 operational jobs and 489 construction jobs (expressed as annual average Full Time Employment).
While recent supply growth has impacted hotel performance across most of Australia's major markets, long-term projections are for all capital cities to return to growth. Dransfield's Hotel Futures 2019 report forecasts high occupancies to underpin long-term growth of both demand (4.0 per cent p.a.) and RevPAR (3.3 per cent p.a.) annually to FY2027.
Recent STR figures show growing supply in all major markets is having a dampening impact on occupancy and rates as the number of new rooms added is growing faster than additional rooms sold. Sydney and Hobart are achieving occupancy in excess of 80 per cent for YTD July 2019, with Melbourne's falling just below this. Sydney was the top performer nationally in terms of RevPAR. For more information, visit STR's website.
Hotel Performance Across Australia's Major Cities
Future Prospects Remain Positive
In its Futures 2019 report, Dransfield Hotels & Resorts projects Australian major city RevPAR to grow at a healthy average of 3.3 per cent p.a. over the long term (to FY 2027) and 4.1 per cent after FY2019. They expect a positive supply and demand equation and sustained high occupancy levels will create rate growth opportunities, with growth expectations still well above recent history, which averaged 2.2 per cent p.a. over the last five years.
Recent Hotel Transactions
Colliers International reported a total of $1.8 billion in hotel transactions for 2018 based on 37 sales, with key highlights including:
- Queensland was the most active hotel investment market ($491 million) as investors made counter cyclical plays, capitalising on improving fundamentals in Brisbane and ongoing strength of trade in the key leisure markets.
- Volumes in New South Wales and Victoria were solid, aided by some big-ticket sales, and the Northern Territory witnessed its largest single investment since 2010 with Delaware North's acquisition of the Darwin casino.
- Offshore capital continued to dominate, accounting for two-thirds of transaction volume, with a notable broadening of the capital base with investors sourced from Singapore, Malaysia, Thailand, Middle East, Hong Kong, India and the United Kingdom.
- Development sales were prominent throughout 2018 with notable transactions including the Quincy Melbourne. More development sales are expected over the coming year with projects currently being marketed in Canberra, Sydney, Adelaide and Melbourne.
- Hotel openings are expected to peak in 2019 with the opening of more than 6,500 new rooms in the ten major accommodation markets. Deal flow is also expected to increase as owners respond to changing market conditions, particularly in markets with new supply.
Source: Colliers International Hotel Sales 2018
The Tourism Investment Monitor, produced by Tourism Research Australia (TRA), estimates both the total value and number of large scale tourism investment projects in the pipeline. The 2017-18 publication reported a total of 213 tourism projects, worth $44.0 billion.
Find out more
The Australian Accommodation Monitor (AAM) measures and tracks the performance of the Australian accommodation industry. STR, a global data analytics provider, conducts the AAM.
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