Developers bet on long-term tourism boom with new hotels
Larry SchlesingerReporter
Developers are banking on the tourism boom driving up demand for hotel accommodation over the long term, after signing deals with hotel giants Accor, IHG and Hilton to operate almost 500 new rooms in Brisbane, Townsville and Launceston before the end of the decade.
These projects come as construction activity in the sector starts to pick up again following a development boom over the past two decades, which delivered a quarter of the country’s entire hotel room inventory.
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