Investment Opportunities In The Food & Wine Industry
Australia is well positioned to benefit from the growing demand globally for food and wine as part of the travel experience. Our unspoilt landscapes produce an incredibly wide variety of fresh and alluring produce. Food and wine now accounts for one in five dollars spent by international tourists in Australia.
Tourism Australia’s research shows that for people who have visited Australia they ranked it second across the 15 major markets for its food and wine experiences (60 per cent) behind France and ahead of Italy. More importantly though, for visitors from China, USA, France, India, Indonesia, Malaysia the UK and South Korea, Australia is ranked as the number one destination in the world for food and wine.
The enjoyment of food and wine is integral to the Australian tourism experience, embodied by quality ingredients, fresh produce and innovative cuisine. Australia's reputation as a premium wine-producing country is undisputed. What's more, Australia's regional areas boast world-class restaurants, with 14 of the top 100 restaurants in the country located outside of capital cities.
There were 105.5 million visitors to regional Australia in 2019 who engaged in food and wine tourism activities (Source: Tourism Research Australia).
Explore below and be inspired by an industry creating some of the world's best food and wine in some of the world's most stunning surroundings 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.
Recent Key Developments
Wirra Wirra Hotel, McLaren Vale, South Australia
Opening in 2022
Development cost: $30 million
Wirra Wirra will partner with developer Greaton on a project to build the first five-star accommodation of scale in the McLaren Vale wine region and the first integrated winery resort of its type in South Australia. The hotel concept will be built around the theme of health and wellness, targeting both international and domestic travellers.
Voco, Yarra Valley,
Victoria
Opening in 2021
Development cost: $120 million
Barnes Capital is developing a $120 million hotel, conference, distillery and restaurant complex in Melbourne’s famed Yarra Valley wine region. The development will include a 170-room hotel run by hotel manager IHG under its new upscale ‘voco’ brand. The Yarra Valley is one of Australia’s most premier wine regions, known for its chardonnay and pinot noir varieties.
Jackalope, Mornington Peninsula, Victoria
Opened in April, 2017
Development cost: $40 million
Louis Li’s luxury 46-room Mornington Peninsula hotel opened in April 2017 and has already attracted multiple awards, including being named Australia’s best hotel at the Gourmet Traveller Australian Hotel Guide Awards. Set in the picturesque grounds of Willow Creek Vineyard, an hour from the Melbourne CBD, the hotel features two restaurants, a cocktail lounge, infinity pool, spa and a cellar door.
Investor Resources
Visit Tourism Research Australia for the profiles of over 200 local government areas featuring year-on-year tourism demand and supply data.
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