Rooms for rent - Australian hotels expand rapidly to catch Chinese tourism boom


  • World
  • Friday, 03 Feb 2017

The nearly completed 590-room Sofitel hotel can be seen in the Darling Harbour area of Sydney, Australia, amid a nationwide boom in hotel building, January 31, 2017. Picture taken January 31, 2017. REUTERS/Tom Westbrook

SYDNEY (Reuters) - The hole in Australia's economy dug by China's dwindling appetite for its resources is being filled by the Chinese themselves, whose growing affluence is powering a surge in travellers in a boon to tourism income and growth.

Emboldened by the flood of big-spending Asian tourists, Australian hotel developers have embarked on their biggest expansion ever.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Analysis-Trump election subversion case bogs down as allies' legal woes grow
Missile launched from Yemen's Houthi area, no injuries reported, CENTCOM says
Turkish court convicts Syrian woman over Istanbul bombing, media says
Analysis-Arrest of Russian defence minister's deputy may be strike by rival 'clan'
Former tabloid publisher to face more questions in Trump hush-money trial
Burkina Faso suspends BBC, VOA radio broadcasts over killings coverage
'Lucky to have him': Australia mourns refugee guard killed in Bondi attack
Trump ready to renew conservative alliance with Hungary's Orban
Kenya Airways accuses Congo of harassment over detained staff
Inside Big Tech’s underground race to buy AI training data

Others Also Read