Accommodation Sector

Australia’s biggest accommodation operator, Mantra Group, has been taken over in a $1.3 billion deal by French giant Accor. This is expected to lead to major changes in the local hotel sector, and Brisbane (and Australia) should see another strong year for overseas visitor numbers, particularly those from China. According to reports is part of a power struggle between the major hotel chains and the digital disrupters led by Airbnb and online travel agents like Expedia, and TripAdvisor, who charge commissions on bookings as high as 20%.

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