Prime Square - Hotel Development and Investment Advisory | Uncategorized
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STR’s preliminary data for Melbourne hotels in 2017 is in, and it is showing another strong year for the city’s lodging industry. All KPIs are up over the previous year. -Supply: +2.3% -Demand: +3.2% -Occupancy: +0.8% to 81.8% -Average daily rate: +2.1% to AUD192.94 -Revenue per available room: +3.0% to...

Congratulations to Ovolo Hotels with a presence in four Australian key cities : Canberra, Sydney, Melbourne and Brisbane. Ovolo adds Canberra's Hotel Hotel to growing Australian portfolio (Australian Financial Review). Hong Kong boutique chain Ovolo has secured its third Australian hotel in just seven months, acquiring the rights to manage...