Melbourne and Sydney are experiencing a surge in hotel development, adding thousands of rooms to address a critical shortage. Several new hotels are scheduled to open in the coming months, including the W Sydney, The Eve in Sydney, and 1Hotel Melbourne. The growth reflects a strong rebound in tourism, driven by both domestic and international travellers.
Melbourne has undergone a hotel boom in recent years. The city has added about 9000 rooms since 2020 in response to a critical deficit, identified well before the pandemic sparked the urgent need to address the shortage. The growth represents a rise of 32 per cent in Melbourne ’s stocks, and the city is not done yet, with a few significant hotels due to swing open their doors in coming months. Sydney , too, is amid its own mini-growth spurt.
Back in Sydney, the Moxy Pitt Street, and the ritzy Waldorf Astoria on the old Goldfields House site at Circular Quay were intended for 2025 but now look more like 2026 openings. It’s not like they’ll miss the boat. Pandemics and other unforeseen disasters aside, the need for hotels next year will continue to increase.Tourism in Australia is thriving again, with both international and domestic travellers contributing to the industry, meeting or surpassing pre-pandemic levels on various markers.
The reasons for this range from the simple local effect of mega tours by the likes of Taylor Swift and Coldplay performing in Australia, to the butterfly effect of international economic change such as the rising disposable income of new middle classes in emerging countries. New airline agreements and services are other contributors.
HOTELDEVELOPMENT TOURISM AUSTRALIA MELBOURNE SYDNEY
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