Hotels Recovery Guide Australia
Hotel asset management initiatives evolve during times of market distress, and crisis management and recovery planning are currently front-of-mind issues for us. The relaxation of state border restrictions, as well as a historically strong reliance on domestic travel market, are expected to bode well for the post-COVID-19 recovery of the Australian hotel industry.
In this short guide covering Brisbane, Sydney, Melbourne and Perth, we look back at the health of the tourism and hospitality sectors prior to COVID-19; assess the impact of the global pandemic; evaluate the recovery path as lockdown restrictions gradually ease; provide recommendations on cost saving measures to prepare hoteliers for the market rebound, and an outlook of the hotel investment landscape as the market continues to recover.