Australia Key City Hotel Market Outlook June 2022 Edition
By Damien Little on August 23, 2022
This report by Horwath HTL in Australia provides an outlook for 10 key city markets across Australia, assessing the recovery made to date in 2022 and the outlook for future growth.
The data as published in the report is based on the economics forecast by Deloitte Access Economics June 2022 quarter as well as historical hotel performance from STR as of June 2022.
At the time of the data release, at the end of August 2022, Australia has largely transitioned on the recovery path with international borders open and vaccine requirements and travel exemptions for international arrivals removed.
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.