Growing short-term visitor arrivals, a rise in Chinese visitors, greater spending and longer stays as well as high occupancy and returns bring more foreign investment to Sydney hotels.
Investors are bullish on Sydney, Australia, which continues to lure foreign investment, particularly into hotels.
South China Morning Post is reporting that Marriott International is pursuing a rapid expansion in Asia-Pacific.
Preliminary passenger traffic results for 2014 showed continued moderate growth from last year in Asia-Pacific airports at +5.9%.
It is said that Melia Hotels International intends to speed up its layout in the first-tier and second-tier cities of China.
In August 2014, the region’s occupancy rose 1.1 percent to 72.6 percent; its average daily rate remained virtually flat, rising 0.3 percent to US$116.54.
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