Sunday, February 17, 2019

Tourism Boom Drives ‘Unprecedented’ Hotel Development

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Australia's accommodation sector is set welcome 45,000 new rooms over the next six years catering to changing demands, travellers and demographics.

According to Tourism Accommodation Australia a wave of almost 300 new hotels, currently proposed or under construction, will boost the hotel industry which has suffered from a development hiatus of almost two decades.

The pipeline of projects will add to the $8 billion tourism industry which currently employs over 187,000 people.

Melbourne leads the growth push with 10,208 rooms approved or under construction, while Sydney has 6,084 in the pipeline.

Perth also has a significant amount of hotel rooms currently under construction, with 1,755 rooms to be added over the next two years.

TAA has forecast that 11,600 rooms are due to be added to the Sydney market and more than 15,100 expected in Melbourne.

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