THE Melbourne hotel market has been hit by demand constraints resulting from new supply, according to the Mantra Group which highlighted areas of disappointment in its first half results (TD yesterday).
Perth had also been impacted by increased hotel supply in the first six months of the financial year, the group said, along with properties in Hawaii.
Sydney, Brisbane and Adelaide’s CBD had performed well, Mantra said, boosted by strong sentiment in corporate travel, while resorts in Queensland and New Zealand were thriving thanks to strong growth in domestic and international travel.
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Source: traveldaily