Hotels/Tourism

Hotel Half Yearly Update
Savills
July 2017

Savills provides a snapshot of the Australian Hotel market.

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Tourism Investment in Regional Australia
Tourism Australia
October 2017

Attracting investment into regional leisure destinations is now a major priority for the Australian Government. Discover why Australia’s vibrant tourism industry isn’t just about its cosmopolitan cities – many icons and bucket-list spots are located across Australia’s stunning regional destinations, allowing for opportunities across food and wine, beaches and islands, nature and outback, culture and heritage, and wellness.

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Travel Bugs: Meet the Six Key Types of Aussie Travellers
Nielsen
June 2017

Nine million Australians say they have travelled domestically in the past six months or internationally in the past 12 months. But are all travellers the same? Using data from Nielsen’s Consumer & Media View (CMV) and the 2017 Australian Connected Consumers Report, we identified six distinct types of Australian travellers and looked at how best to reach and engage each group.

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Hotel Management Agreement Negotiations – The Issues which Currently Take Up the Time and Generate the Angst
Baker & McKenzie
March 2017

During the course of a hotel management agreement negotiation there are many issues to be identified, negotiated and resolved. We will start with the issue which is particularly perplexing to first time owners – the requirement of most hotel operating companies (particularly the international operators) that the owner is required to employ the hotel employees (except perhaps for a small number of senior employees such as the general manager, finance director, and/or director of sales and marketing), but that such employees are to be under the control of the operator. This paper looks at the key issues associated with hotel employees and Hotel Management Agreements.

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Chinese Dominate in Tourism Investment
Colliers
February 2017

Colliers have prepared an insight piece on current trends in Australian hotel real estate – Chinese Dominate in Tourism Investment.China has emerged as a dominant force in Australia’s accommodation market, driving pricing to new levels as offshore investors look to capitalise on the recent and projected strong growth in tourism.Whilst the preference has been for the acquisition of existing hotel assets, we are starting to see more Chinese investors actively pursuing hotel and tourism development deals and these are expected to feature more prominently through 2017.

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Sydney CBD Office & Hotel Ownership
Knight Frank
20 December 2016

Offshore buyers have acquired 41% of the total office transaction by value in the Sydney CBD since January 2016. 32.9% of the CBD office stock by NLA is under foreign ownership as at November 2016, up from 32.2% in November 2015.
Conversion of office buildings has been the primary source of new supply of hotel rooms in the CBD over the past 12 months. Offshore investors hold 87.6% of 4 and 5 star CBD hotel rooms as at November 2016.

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Hotel of the future – New experiences, new opportunities
Deloitte
November 2016

Technology innovations, changing customer demands, and new competitive threats are pushing hotels to offer increasingly personal, uniquely tailored experiences for every guest on every visit.

Hotels are in a period of significant evolution and opportunity. From online travel agents to the commoditization of hotels, changes in the travel and hospitality industry are challenging hotels to move beyond brand identity and extend and deepen their relationships with travelers.

Through in-depth interviews with frequent business travelers and onsite research at different types of hotels in major US cities, Deloitte, driven by research and insights from their innovation practice, Doblin has identified five integrator types that present new opportunities to evolve your hotel brand and services to meet changing customer expectations for their hotel experiences.

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Hotel Management Agreements: What are they and how have they evolved?
CBRE
November 2016

Hotel management agreements (HMAs) are currently the most common structures for owners and operators to run a hotel within Australia and form the basis of mutually beneficial relationships between owners and operators. The HMA has been around since Conrad Hilton first ventured outside the United States in 1949 when he entered into a leasing agreement with the government of Puerto Rico. Previously, hotels were owner-operated so this type of agreement was ground breaking and changed the way that the hotel industry was to be run. This Viewpoint outlines some of the main conditions that are set out in HMAs, and how they evolved over time.

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Hotels Research And Forecast Report 2016
Colliers
October 2016

Colliers’ latest Hotels Research & Forecast Report 2016 looks at the performance of each of the Hotels markets across Australia. The report includes key market information that provides wide ranging insights into the factors affecting each market, as well as identifying future impacts.

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Tourism Forecasts 2015
Tourism Research Australia

November 2015

Tourism Research Australia’s Tourism Forecasts 2015 provides forecasts on key tourism issues. The latest Tourism Forecasts 2015 found that:

  • Inbound visitor arrivals are forecast to increase 5.9 per cent to 7.5 million in 2015–16, while the 10-year average annual growth rate is forecast at 4.1 per cent, with arrivals expected to reach 10.6 million by 2024–25.
  • Domestic visitor nights are forecast to increase 3.5 per cent to 324 million in 2015−16 while the 10-year average annual growth rate is forecast at 2.8 per cent, with visitor nights expected to reach 413 million by 2024–25.
  • With international tourism expected to grow at a faster rate than domestic travel, the inbound share of total tourism spend is forecast to increase from 31 per cent in 2014–15 to 34 per cent by 2024–25

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Hotels: The Airbnb Effect
Maha Khan Phillips And Christopher O’Dea – IPE Real Estate Magazine
September/October 2015

The meteoric rise of Airbnb has not escaped the attention of traditional hotel companies, which are themselves enjoying a spike in demand from travellers. Is the new upstart a complementary service or one that could undermine their business models?

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Hotel Market Report – 1H 2015
Savills
September 2015

With the low Australian dollar, rapid growth in tourism and increased business confidence, Australia is now in the middle of a hotel investment boom. The Savills Hotel market report provides an insight into the key influencers of this trend.

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Why Is The Manager’s Fee Based On Hotel’s Revenue & Profit And Not Some Other Basis?
Greame Dickson And Kerrie Duong – Baker & McKenzie
July 2015

The newsletter discusses a common hotel management agreement topic of why is the manager’s fee based on hotel’s revenue and profit and not some other basis.

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Hotel Investment Roundtable
Karen Wales – Austrade
June 2015

Tourism 2020 is Australia’s national strategy to enhance growth and competitiveness in the tourism industry by focusing on six strategic areas to:

  • Grow demand from Asia
  • Build competitive digital capability
  • Encourage investment and implement regulatory reform agenda
  • Ensure tourism transport environment supports growth
  • Increase supply of labour, skills and indigenous participation
  • Build industry resilience, productivity and quality

Tourism 2020 integrates the National Long-Term Tourism Strategy with the growth aspirations of the 2020 Tourism Industry Potential. Endorsed by all state and territory tourism ministers, it brings the existing work, research and collaboration between industry and governments into a single plan, one that links tourism supply with demand. Karen presented at a Hotel Investment Seminar hosted by Austrade in Kuala Lumpur.

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Australian Hotel Market Update
JLL
June 2015

JLL presented an overview of the Australian Hotel Market at a Hotel Investment Seminar hosted by Austrade in Kuala Lumpur.

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Capital Market Trends – Hotels
Eureka Funds Management
June 2015

Eureka Funds Management provided an overview of the superannuation sector, hotel investment structures, debt funding hotel investments and exit options at a Hotel Investment Seminar hosted by Austrade in Kuala Lumpur.

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Tourism Investment Monitor 2015
Austrade
May 2015

The fourth in a series, Tourism Investment Monitor 2015 estimates the number and total value of large-scale projects in Australia’s tourism investment pipeline in 2014. Results in this year’s Monitor reflect a consistent methodology used in previous editions of the report and provide benchmarks for growth comparisons.

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The Top Ten Things You Should Think About When Negotiating A Hotel Management Agreement
Graeme Dickson – Baker & McKenzie
March 2015

In our experience, when both owners and operators reach the end of a hotel management agreement negotiation there are always things that potentially could have been done differently. In this article, we identify a number of the more common issues and to keep it balanced, we have identified an equal number for both owners and operators.

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Destination Australia Conference
March 2015

Over 300 tourism professionals attended the inaugural Destination Australia Conference on Tuesday 17 March 2015.
The conference focused on how we can attract more high-yielding international visitors to Australia to grow the tourism industry and boost business. The presentation videsos are available at this website.

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International Visitor Arrivals to Australia
ABS / Tourism Australia
Monthly

Latest visitor arrivals to Australia data from the Australian Bureau of Statistics (ABS).

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International Visitor Survey
Tourism Australia
Quarterly

The International Visitor Survey is published quarterly by Tourism Research Australia and is the most comprehensive source of information on international visitors to Australia.

The survey samples 40,000 departing, short-term international travellers over the age of 15 years who have visited Australia. The survey is conducted by Computer Assisted Personal Interviewing (CAPI) in the departure lounges of eight major international airports: Sydney, Melbourne, Brisbane, Cairns, Perth, Adelaide, Darwin and Gold Coast. Participants are asked around 100 questions about their visit, including nights spent in Australia, travel arrangements, reasons for visit, places visited, activities undertaken, information sources and expenditure made during trip.

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National Visitor Survey
Tourism Australia
June 2015

The National Visitor Survey is published annually by Tourism Research Australia. The survey methodology includes conducting interviews with 120,000 Australian residents aged 15 years and over on an annual basis. The interviews are conducted via random digit dialling and a Computer Assisted Telephone Interviewing system. Participants are asked over 70 questions about their travel behaviour, including destination, purpose, transportation, travel package, sources used, activities, expenditure, accommodation, travel party and demographics.

The survey’s definitions are based on those provided by the United Nations World Tourism Organisation; therefore interviews are conducted with people who have travelled for purposes including holiday, visiting friends and relatives, business, education and employment.

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Tourism Forecasts
Tourism Australia

Tourism forecasting plays an important role in providing awareness and support for future development of the Australian tourism industry. The Tourism Forecasting Committee is an independent body charged with providing present and potential tourism investors, industry and governments with consensus forecasts across the international, domestic and outbound tourism sectors. Tourism Research Australia publishes the Tourism Forecasts publication twice a year. There is a selection of inbound, domestic and outbound forecasts available for the next 10 years, based on the April 2006 forecasts by the Tourism Forecasting Committee.

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Quarterly Market Update
Tourism Australia
Quarterly

Each quarter Tourism Australia produces a detailed report on the performance of its key markets and international campaign activity including tourist arrivals to Australia, and an aviation summary.

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Tourism 2020
Tourism Australia

The whole of government working with industry to achieve Australia’s tourism potential. Tourism 2020 is Australia’s national strategy to enhance growth and competitiveness in the tourism industry by focusing on six strategic areas to:

  • Grow demand from Asia
  • Build competitive digital capability
  • Encourage investment and implement regulatory reform agenda
  • Ensure tourism transport environment supports growth
  • Increase supply of labour, skills and indigenous participation
  • Build industry resilience, productivity and quality

Tourism 2020 integrates the National Long-Term Tourism Strategy with the growth aspirations of the 2020 Tourism Industry Potential. Endorsed by all state and territory tourism ministers, it brings the existing work, research and collaboration between industry and governments into a single plan, one that links tourism supply with demand.

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State Of The Industry
Tourism Research Australia
October 2014

The report provides a review of the Australian tourism industry’s solid performance in 2013-14 across a range of key performance indicators. Progress towards meeting the Australian tourism industry’s target of between $115 billion and $140 billion by 2020, known as the Tourism Industry Potential, is again featured.

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Tourism Industry Potential
Tourism Australia
2014

Tourism 2020 is Australia’s national strategy to enhance growth and competitiveness in the tourism industry by focusing on six strategic areas to: Grow demand from Asia Build competitive digital capability Encourage investment and implement regulatory reform agenda Ensure tourism transport environment supports growth Increase supply of labour, skills and indigenous participation Build industry resilience, productivity and quality.

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Australian Hotel Investment – A Legal Guide Ashurst
2014

Australia’s tourism industry is one of the largest in the world. Tourism is Australia’s largest services export and it contributes approximately A$35 billion to the country’s Gross Domestic Product. The Australian tourism industry spans across a range of sectors including luxury resorts, casinos, nature retreats, theme parks, short-term accommodation, travel agents, transport companies, retail, and education providers. This publication provides an overview of the business, legal and policy issues relating to foreign investment in tourism assets as well as particular legal issues associated with investments into the hospitality industry (see chapter 4) and the gaming industry (see chapter 5).

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Greenfield Study Into Short Term
Accommodation Development in Australia
JLL
May 2013

In May 2013 Jones Lang LaSalle prepared a ‘Greenfield Study into Short Term Accommodation Development in Australia’ for Tourism Australia.

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Distribution 2020 – Situational Analysis
PWC & Tourism Australia
March 2013

A comprehensive review of how Australian tourism product is distributed internationally. The report was compiled together with the help of PricewaterhouseCoopers through extensive consumer research and interviews with industry to provide an overview of current distribution approaches and potential models for the future across Australia’s key holiday markets.

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2020 China Building The Foundations – Knowing The Customer
Tourism Australia
March 2012

Consumer research released March 2012 carried out across 13 of China’s largest and fastest growing cities is being used by Tourism Australia to further enhance its ten year marketing plan aimed at continuing to lure China’s affluent and travel hungry middle and upper classes to visit Australia. The research provides key insights into the Chinese consumer, their purchasing intentions and desire for experiencing travel.

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Australian Tourism Investment Guide
Australian Trade Commission & Tourism Australia

The Australian Tourism Investment Guide assists individuals or organisations to understand the investment environment in Australia. It explores the extensive investment opportunities available in Australia’s unique and dynamic tourism sector.

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