Property News · July 27, 2021

Will Chinese tourists give Australia a miss post-Covid, putting a dent in its booming hotel property sector?


Investment in Australian hotels more than quadrupled in the first half of the year, according to property consultancy JLL, a reflection of confidence in robust local demand for travel that is likely to boost one of Covid-19’s worst-hit industries.But for the hotel segment to sustain growth, international travellers including mainland Chinese are still crucial to the market, analysts said.And that might just spoil an otherwise bright outlook for Australia’s hotel property segment, because…

Source : South China Morning Post
Read more…Will Chinese tourists give Australia a miss post-Covid, putting a dent in its booming hotel property sector?

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