Australia: Key City Hotel Market Outlook & Insights
By Spring Fan on December 14, 2021
This report by Horwath HTL Australia provides an outlook for nine key city markets across Australia assessing the recovery made to date in 2021 and the outlook for future growth.
The data as published in the report is based on the economics forecast by Deloitte Access Economics September 2021 quarter as well as historical hotel performance from STR as of September 2021.
At the time of the data release, at the end of October 2021, Australia’s two largest states have just exited the lockdowns and various states were beginning to reach the 80% double vaccination rates.
The pace of recovery across key markets is reflective of each market’s reliance on corporate and international demand, as well as the number of forecast supply additions.