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The 16,000-room hotel boom that is yet to slow

A hotel boom that has delivered almost 16,000 new rooms and a fresh slate of accommodation options across the country over the past four years could run another two more years before it eases, a new forecast shows.

A further 7700 rooms are expected to be opened between now and 2026 – more than half of them in Sydney and Melbourne – before development finally slows to a “trickle” and “as the expansionary phase of the hotel market eases considerably”, Colliers said in its Australian Accommodation Supply Update.

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Larry Schlesinger was a reporter at The Australian Financial Review

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    Original URL: https://www.afr.com/property/commercial/the-16-000-room-hotel-boom-that-is-yet-to-slow-20241204-p5kvq8