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Demand a stellar win for hotels sector

Finance Markets / Market Trends

Australia

Apr 22 2017

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Carolyn Cummins, The Sydney Morning Herald

The eastern seaboard markets of Sydney and Melbourne were the standout performers in 2016 with the continued achievement of strong market KPIs against a backdrop of compressing yields. As a result, the hotel real estate asset class is outperforming other property classes in the Australian market.

With international and domestic visitors growing 11.5 per cent and 5 per cent respectively in calendar year 2016, the hotel industry has not seen growth at this level since the Sydney 2000 Olympics.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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