Melbourne best placed for tourism boom with 5,000 new rooms

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Melbourne is in a good position to service returning tourists to Australia with a higher supply of...

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Between 2019 and 2025, 5,000 rooms have openedacross 22 hotels in Melbourne. This represents...

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The downside for Melbourne and its higher supply is its occupancy rate is lower than other major gateway cities...

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Despite the increase in the number of rooms, hotel bookings in Melbourne have risen about 9% over...

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However, economic headwinds mean hotel owners could be more motivated to sell. That could...

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