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Business Opportunities in Australia's Cities
Australia’s major hotel markets are expected to continue to outperform with market experts reporting that investors’ hotel operating performance expectations for Sydney and Melbourne are amongst the highest in Asia Pacific for the short and medium term. While markets like Perth and Brisbane are seen to offer investors counter-cyclical buying opportunities over the short term.
Australia’s capital cities are unique to each other but what they share is a warm welcome, easy precincts, great food, wine and events as well as access to nature and wildlife. From a business perspective, Australian cities are well positioned as a trade and investment base for international companies doing business with Asia – Australia’s major cities function as regional headquarters for more than 850 multinational corporations.
See below to explore some of the unique tourism investment opportunities Australia's cities have to offer or contact one of our investment specialists for comprehensive and confidential assistance that will save you time and money, and help you make the right investment decision.
Hotel Performance Across Australia's Major Cities
Recent Key Developments
Capella Sydney Redevelopment, NSW
Opening in 2021-22
Development cost: $300 million
Singapore-based Pontiac Land Group acquired the long-term lease of Sydney’s historic sandstone buildings and will undertake their conversion into a 240 room luxury hotel, setting a new benchmark for hotels in Australia.
Ritz Carlton Elizabeth Quay, Perth, Western Australia
Opening in mid-2019
Development cost: $500 million
Hong Kong's Far East Consortium International have begun work on Elizabeth Quay’s first private development, which will comprise a 205-room, $500 million Ritz-Carlton hotel and 379 residential apartments in two towers.
Westin, Darwin, Northern Territory
Opening in 2021
Development cost: $200 million
Chinese port and logistics operator Landbridge were the successful bidders for the tight to develop a luxury hotel on Darwin’s Waterfront and have recently unveiled plans for a 240-room eight story building that reflects the city’s history.
Investor resources
The Sydney hotel market is the largest in the country with excellent fundamentals and a strong outlook. Current occupancy levels are high and average daily rate (ADR) growth is strengthening as demand growth in Sydney continues to outpace supply. Major infrastructure projects are underpinning a resurgence of investment activity with several landmark buildings planned.
Melbourne’s strong calendar of events and appeal to international and domestic visitors has ensured that new hotel supply is quickly absorbed by the market. CBD rate growth is expected to remain strong, with few new hotels expected to be completed in the short term relative to the demand outlook.
Sydney has reinvented itself with a whirl of hotel and tourism investment - Sofitel has added nearly 600 rooms to Darling Harbour, following a slew of design-oriented and heritage hotels that have greatly diversified the scene. Sydney claimed an astonishing 17 openings in 2017, and Horwath HTL predicts another 4,600 rooms will be added in the next four years.
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