ACCOMMODATION - Hotel Developments in Australia

ASIA Travel Tips.com, 30 April 2007

The high price of land and spiralling construction costs have helped to keep some developers out of the Australian hotel market in recent years. Across Australia, the number of hotel rooms under construction has decreased to the lowest level since Jones Lang LaSalle Hotels commenced the National Hotel Development Register in 2003.
“New hotel room supply is now expected to increase on average by 1.4% per annum to 2010, based on projects currently under construction or deemed likely to proceed,” said Mr David Gibson CEO Asia Pacific, Jones Lang LaSalle Hotels.

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