The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
FINAL CHANCE TO REGISTER FOR URBANITY-25 JOIN MORE THAN 550 ALREADY ATTENDING
LAST CHANCE TO REGISTER FOR URBANITY 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
HotelStaff WriterWed 04 Oct 17

Korean Tensions Steer Tourists to Australian Hotels During Golden Week

iStock-471255239_620x380

Australia is tipped to receive a larger share of the $9.2 billion tourism industry surrounding China's seven day national holiday "golden week", due to the rising political tensions on the Korean peninsula.

The week starts on 1 October, with approximately 700 million Chinese nationals flying overseas during the eight day "golden week".

According to ABS data, Australia saw a four-fold increase in the number of golden week tourists in the past decade.

Over the same period, Chinese tourists’ annual total expenditure surged 700 per cent, to $1.4 billion.

Chinese travel agency Ctrip forecasted a 70 per cent fall in the number of Chinese tourists to South Korea during Golden Week this year, as rising tensions on the Korean peninsula deter China’s six million travellers from popular destinations in South Korea and Japan.

Ctrip data also revealed 80 per cent of people using its platform opt for four and five star services when travelling abroad.

Fong said wealthy Chinese travellers are seeking luxury experiences in Australia, and that includes holiday accommodation.

"Supply is struggling to keep up with demand across Australia," he said.

"Hotels in Cairns and Port Douglas, in particular, lead in terms of revenue growth, while the second strongest market, Sydney, is expecting double-digit revenue growth this year."In this financial year, there were currently 101,196 rooms across Australia’s major cities, with a 78.6 per cent occupancy rate.

According to the 2017 Dransfield Hotel Futures Report, this is forecasted to grow by 33 per cent, adding 33,303 new hotel rooms to the supply in Australia by 2025 to meet demand with a 81.6 per cent occupancy rate, and 4.4 per cent increase in RevPAR, $142.53 to $203.78.

HotelAustraliaFinanceReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
Exclusive

Inside the $10m Heritage Refit of Sydney’s $25,000-a-Year Members’ Club

Taryn Paris
4 Min
Kurraba Point 93 Kurraba Road TUD PLUS
Residential

Council Over Court: How HFO Won Rare North Sydney Approval

Vanessa Croll
7 Min
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
View All >
An aerial view of Ipswich, whose suburb Springfield Lakes, had the highest number of house sales for Queensland in Q2, 2025.
Residential

Ipswich Suburb Leads Queensland House Sales

Marisa Wikramanayake
Court Place in the Subi East precinct is set to deliver 447 new homes, including 300 affordable and 147 social homes in a prime location just four kilometres from the Perth CBD.
Community

Providers Selected for Subi, East Freo Housing Projects

Renee McKeown
Development

Zen Group’s West End Towers Greenlit

Taryn Paris
Brisbane builder-developer Zen Group has won approval from Brisbane City Council for its two-tower project at West End..…
LATEST
An aerial view of Ipswich, whose suburb Springfield Lakes, had the highest number of house sales for Queensland in Q2, 2025.
Residential

Ipswich Suburb Leads Queensland House Sales

Marisa Wikramanayake
5 Min
Court Place in the Subi East precinct is set to deliver 447 new homes, including 300 affordable and 147 social homes in a prime location just four kilometres from the Perth CBD.
Community

Providers Selected for Subi, East Freo Housing Projects

Renee McKeown
3 Min
Development

Zen Group’s West End Towers Greenlit

Taryn Paris
2 Min
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/korean-tensions-steer-tourists-australian-hotels-golden-week