• New hotel brands to open in Sydney and Melbourne

    5 monthes ago - By Travel and Tourworld

    Worldwide tourism represents about 5 per cent of the global economy, while hotel supply is about 1 per cent. This has encouraged owners and operators that the sector holds good growth potential.
    Simon McGrath, the chief operating officer at AccorHotels Pacific, said that the statistics speak for themselves at a time when the Australian market, particularly the eastern seaboard, has a whole lot of new properties under construction and are also due to open this year.
    ”Whilst there is some supply coming on in the new year, remember in Sydney, alone there was nothing from 2000 to about 2014...
    Read more ...