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STATE and local governments are working to encourage more hotel infrastructure in the city and boost visitation with an updated 2014 Guide to Hotel Investment in Brisbane.
The guide informs developers on economic conditions, demand drivers and supply requirements.
“Due to a shortage in internationally-recognised, full-service hotel room supply, Brisbane is forgoing about 121,000 visitors a year.
Quirk says lack of supply equates to a loss of about 1,100 jobs and $114 million for the economy.
Minister for Tourism, Major Events, Small Business and the Commonwealth Games Jann Stuckey says the plan will restore confidence in the tourism sector.
“We want to maximise visitor numbers to the State and achieve our goal of doubling annual overnight visitor expenditure from $15 billion to $30 billion by 2020,” she says.
Consultants AECGroup estimate the city could sustain up to 330 rooms each year until 2022, in the new report.
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