Due to our strong domestic tourism base, high levels of real estate transparency and the national economy’s performance, foreign capital ensured hotel sales reached around $2.1 billion last year – the second highest transaction volume on record. While this year hotel sales have already surpassed $1 billion.
The elevation of Australia’s hotels sector on the global stage has underpinned its expansion over the past five years, with investment in new supply emphasising luxury stock.
While interest rates may impact room bookings and consumer demand in future, we are not seeing that play out just yet. The long-term fundamental drivers of supply and demand, and investor feedback, ensure the outlook of the sector remains bright.
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