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This week's 5 Star Weekly Briefing highlights recent developments, investments, and trends within the hotel sector. Several hotel properties have seen reopenings after renovations, new resort and hotel plans have been unveiled in locations like Singapore and Mount Barker, and hospitality groups are expanding their presence through acquisitions and partnerships across Australasia. The outlook for the Australian hotel industry is positive, with projections indicating a full recovery by 2025 and strong occupancy rates reported in Sydney. Marriott International and Brisbane Airport have also reported significant growth, while collaborations like the one between NoVacancy and Accommodation Australia NSW aim to bolster the industry. Finally, the briefing notes key personnel changes within hotel management and mentions a prominent pub mogul's decision against acquiring a casino.
This week's 5 Star Weekly Briefing highlights recent developments, investments, and trends within the hotel sector. Several hotel properties have seen reopenings after renovations, new resort and hotel plans have been unveiled in locations like Singapore and Mount Barker, and hospitality groups are expanding their presence through acquisitions and partnerships across Australasia. The outlook for the Australian hotel industry is positive, with projections indicating a full recovery by 2025 and strong occupancy rates reported in Sydney. Marriott International and Brisbane Airport have also reported significant growth, while collaborations like the one between NoVacancy and Accommodation Australia NSW aim to bolster the industry. Finally, the briefing notes key personnel changes within hotel management and mentions a prominent pub mogul's decision against acquiring a casino.