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TAA (Vic) Current and Future Hotel Developments August 2019
TAA (Vic) Current and Future Hotel Developments August 2019 Hotel Market Outlook 2 Supply and Demand 3 Australian Key International Visitor Trends 7 Australian Key Domestic Visitor Trends 9 Demand Drivers 11 Major Stakeholders 13 New Projects Announced 14 Development Summary Melbourne (including inner suburbs, city and surrounds) o New hotel openings 17 o Under Construction 18 o Approved 19 o Proposed 22 Suburban developments 24 Regional developments 25 Hotel openings over the past 12 years (Melbourne) 27 Tourism Accommodation Australia (Victoria) 1 Market outlook remains broadly positive Prevailing economic conditions “Slowing global growth and a pick up in the pace of housing price losses weighed on consumer spending and household construction over the second half of 2018.” - “Looking forward, a restrained household sector will continue to weigh on growth, but will somewhat be offset by increased government spending and exports growth.” - “Continued falls in the value of their largest asset have prompted households to be more cautious with their wallets, while also causing developers to think twice before beginning new construction projects.1” - Combined, the slowdown in household consumption growth and retreat in dwelling investment were responsible for about half the decline in economic growth (the economy grew at an annualised rate of 3.8 per cent over the first six months of 2018, falling to 0.9 per cent, post a significant slowdown over the balance of the year) (Ibid). - Spending on infrastructure projects by state governments across Australia’s fastest growing cities, the continued rollout of the National Disability Insurance Scheme and tax cuts announced in the Federal Budget will assist to offset future declines in economic activity (Ibid). -
Demolition Fears for Historic Drill Hall
FOR THE MONTH OF OCTOBER, 2014 ISSUE 03 FREE WWW.CBDNEWS.COM.AU Food Events Nightlife LUNCH TIME 14 AFTER WORK 16 THE WEEKEND 18 FAN-POWER TRIUMPH OVER-SHADOWING DEAL COMIC BOOK HEROES FAKE-MONK WARNING page 2 page 3 page 4 page 9 Demolition fears for historic drill hall Th e Royal Historical Society of Victoria (RHSV) fears it could be evicted from its premises and the historical building demolished after the state election. Th e Drill Hall at 239 A’Beckett St is owned by the State Government but is on a list of properties which could be sold. Th e society says it has been given a single- year’s extension on its lease until the end of the fi nancial year and has been told the building would not be sold as long as Matthew Guy remains planning minister. “We interpret this as meaning possible sale of the building after the election,” the society said in a letter to supporters. Th e hall was built in the 1930s in art deco style for the Australian Army’s medical corp. It was sold by the Federal Government to private interest and was later purchased by the Victorian Government. In 1988 it was added to the Victorian Register of Historic Buildings. Th e society has had a number of From left Kate Prinsley, Jodie Boyd, Alan Hall and Gerardine Horgan inside the art deco drill hall in A'Beckett St. short-term leases on the building since 2000. “Th e building is owned by the Victorian collection while it has no security of tenure. -
SYDNEY • LONDON • DUBAI 1 SKYE by CROWN GROUP North Sydney NSW Contents
SYDNEY • LONDON • DUBAI 1 SKYE BY CROWN GROUP North Sydney NSW Contents About 3 Memorable Projects 5 Services 10 Featured Work 20 GRC 59 CharlesMSc, CEng, FIStruct.E, FIE (AUST),Rickard MIPENZ PRINCIPAL An industry leader and well-respected professional within his field Charles Rickard graduated from Surrey University, UK with a Master of Science (Distinction) in Structural Engineering in 1975, having completed a Bachelor of Science in Civil Engineering the previous year. Charles undertook his initial three years of engineering training with Taylor Woodrow, the international engineering group. By 1982, after an 18 month stay with Alan Baxter & Associates, he had achieved the position of London Associate with White Young Consulting Group (now known as White Young Green). His major responsibility with them was the engineering design and site supervision of construction for the $100 million (1980 value) Phase 2 Basildon town Charles Rickard is one of centre development in the UK. Charles also did a three month stint in Australia’s most sought-after Qatar, where he designed a new palace for the Emir. engineers who has built a solid In 1984, Charles moved to Australia and set up Rickard and reputation through delivering Partners Pty Ltd, subsequently known as Bonacci Rickard, then quality, trust and innovation Rickard Hails Moretti Pty Ltd. Over a period of 20 years, the within his field. company offered civil, structural, façade and building diagnostic consultancy services in two divisions, while utilising the very latest in design and drafting computer technology. The new company eventually enjoyed an annual fee income turnover in excess of $3 million, with clients covering the public and private sector and project values ranging up to $200 million. -
TAA (Vic) Current and Future Hotel Developments November 2019
TAA (Vic) Current and Future Hotel Developments November 2019 Prevailing market conditions 2 Tourism forecasts – Victoria snapshot 4 Sporting and cultural event visitors – Victoria 5 Market conditions 7 Supply and demand 8 New Melbourne supply 9 Travel trends 11 Regulation 12 Key International Visitor Trends 14 Domestic tourism in Australia 16 Demand drivers 19 Major stakeholders 20 Regional Victoria 22 Development Summary Melbourne (including inner suburbs, city and surrounds) o New hotel openings 24 o Under Construction 25 o Approved 26 o Proposed 29 Suburban developments 31 Regional developments 32 Hotel openings over the past 12 years (Melbourne) 34 Tourism Accommodation Australia (Victoria) 1 Market outlook remains broadly positive Prevailing market conditions – Australia In 2017/18, tourism remained one of Australia’s fastest growing industries, where tourism-related GDP grew at 5 per cent (inflation adjusted). Our industry now also contributes more to Australia’s economy than traditionally strong sectors such as agriculture, forestry, fishing, utilities and information and media and communications.1 - Tourism-related spending is expected to increase by 4.6 per cent, from $148.7b in 2018/19 to $155.6b in 2019/20 - A further $7.5b increase to $163.1b is expected in 2020/20212 - Although expected to continue to increase, visitation from China is expected to slow, as trade tensions with the USA continue to bite (Ibid). Emerging markets of India, Malaysia and Indonesia “will contribute 16.7 per cent of growth, over the next two years (Ibid). By 2023/24, India is expected to surpass Japan as a ‘top five’ source market for Australia, while other positions in that group will remain unchanged. -
TAA (Vic) Development and Industry Intelligence Report – Part
NOVEMBER 2020 TAA (Vic) Part Two Contents DEVELOPMENT SUMMARY .................................................................................................................. 3 MELBOURNE NEW OPENINGS - Under Construction .......................................................................... 5 MELBOURNE NEW OPENINGS – Approved ......................................................................................... 8 MELBOURNE NEW OPENINGS – Proposed ........................................................................................10 SUBURBAN HOTELS (Under Construction, Proposed, Approved) .....................................................11 REGIONAL HOTELS (Under Construction, Proposed, Approved) .......................................................13 2 DEVELOPMENT SUMMARY New hotel openings since March 2014 Date Hotel Hotel Suburb Rooms Star Rating Hotel Group Opened Adina Apartment Hotel Southbank Southbank 220 4 Adina Hotels November 2020 The Sebel Yarrawonga Yarrawonga 63 4.5 Accor November 2020 Vibe Hotel Melbourne Melbourne 204 4 TFE Hotels April 2020 Holiday Inn Express (Pod Room Southbank 345 4.6 EVEN Hotel February 2020 Hotel) The Sebel Melbourne Moonee Moonee 97 4.5 Accor November 2019 Ponds (Mason Square) Ponds Hotel Chadstone Melbourne Chadstone 250 4.4 Sofitel November 2019 MGallery by Sofitel Pullman Melbourne on Swanston* Melbourne 204 4.5 Erdigroup October 2019 South Next Story LinQ 162 5 September 2019 Melbourne Group Brady Hotels Melbourne 150 4.3 Brady Group August 2019 Brady Hotels Jones Lane (111 Little -
TAA (Vic) Development and Industry Intelligence Report – Part
Contents DEVELOPMENT SUMMARY ............................................................................................................... 3 New hotel openings since March 2014 ............................................................................................ 3 MELBOURNE NEW OPENINGS- (Under Construction, Proposed, Approved) .................................. 5 Under Construction ........................................................................................................................... 5 Approved ........................................................................................................................................... 8 Proposed ......................................................................................................................................... 10 SUBURBAN HOTELS (Under Construction, Proposed, Approved) ................................................. 12 REGIONAL HOTELS (Under Construction, Proposed, Approved) ................................................... 14 2 DEVELOPMENT SUMMARY New hotel openings since March 2014 Date Hotel Hotel Suburb Rooms Star Rating Hotel Group Opened Holiday Inn Express (Pod Room Southbank 345 4.6 EVEN Hotel February 2020 Hotel) The Sebel Melbourne Moonee Moonee 97 4.5 Accor November 2019 Ponds (Mason Square) Ponds Hotel Chadstone Melbourne Chadstone 250 4.4 Sofitel November 2019 MGallery by Sofitel Pullman Melbourne on Melbourne 204 4.5 Erdigroup October 2019 Swanston* South Next Story LinQ 162 5 September 2019 Melbourne Group Brady Hotels