Sydney, December 11, 2002 — According to the results of Jones Lang LaSalle Hotels’ annual Top Owner survey, Australian hotel investors and owner/operators continue to dominate the ownership of tourist accommodation in Australia. However, Asian investors have launched a challenge, accounting for 80% of major sales transacted so far this year.
The results of the survey, which spans 132 major owners, 393 establishments and over 66,500 rooms across Australia, show that 59% of Australia’s tourist accommodation is owned by local investors. The survey results will be published as part of Jones Lang LaSalle Hotels’ Digest Australia, 2002/03 Edition, to be released this month.
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