Sydney Casino Industry

Sydney hotel industry, with performance being the yield (i.e., rev-enue per available room) of a given hotel. This shows that friend-ships with competitors lead to dramatic improvements in hotel yields. Performance is further improved if a manager’s competitors are themselves friends, evidencing the benefit of cohesive friendship networks. While recent supply growth has impacted hotel performance across most of Australia's major markets, long-term projections are for all capital cities to return to growth. Dransfield's Hotel Futures 2019 report forecasts high occupancies to underpin long-term growth of both demand (4.0 per cent p.a.) and RevPAR (3.3 per cent p.a.) annually to FY2027.

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Markets Hotel is located in Homebush, 8.1 mi from Sydney. Guests can enjoy the on-site restaurant. Each room at this hotel is air conditioned and comes with a flat-screen TV. You will find a kettle in the room. There is a cash machine at the property. You can play billiards at the hotel. Penrith is 23 mi from Markets Hotel, while Richmond is 26. The tourism sector makes a significant impact on Sydney’s economy, benefiting the city’s businesses and communities. The City has an important role to play in developing a strong visitor economy. We will work with industry and government partners to create an environment that allows tourism to. Casino is serviced by Lismore Airport with several daily flights to Sydney. Northern Rivers Buslines operates rural services to Lismore (670) and Kyogle (675) each weekday, with one return service to Tenterfield available on Monday, Wednesday and Friday. Casino Bus Service operates local town loops, including a loop service to Gays Hill.

268 Parramatta Road, Homebush,2140Sydney

Markets Hotel is located in Homebush, 8.1 mi from Sydney. Guests can enjoy the on-site restaurant.

Each room at this hotel is air conditioned and comes with a flat-screen TV. You will find a kettle in the room.

There is a cash machine at the property.

You can play billiards at the hotel. Penrith is 23 mi from Markets Hotel, while Richmond is 26 mi away. The nearest airport is Sydney Airport, 7.5 mi from the property.

Rooms: 1

Facilities of Markets Hotel

General

• WiFi in all areas

Activities

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• Pool table

• Live music/Performance

Food & Drink

• Restaurant
• Bar

• Vending machine (snacks)

Front Desk Services

• Baggage storage

• ATM on site

Common Areas

• Garden

• Terrace

Entertainment & Family Services

• Casino
• Evening entertainment

• Kids' TV channels

Cleaning Services

• Ironing service

Business Facilities

• Fax/Photocopying

Shops

• Hair/Beauty salon
• Shops (on site)

• Convenience store (on site)

Miscellaneous

• Non-smoking rooms
• Heating
• Smoke-free property

• Air conditioning
• Designated smoking area

• Adults only

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Safety & security

• Security alarm
• Smoke alarms

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• CCTV in common areas

• CCTV outside property
• Fire extinguishers

Safety features

• Staff follow all safety protocols as directed by local authorities
• Shared stationery (e.g. printed menus, magazines, pens, paper) removed

• Hand sanitizer in guest accommodation and common areas

• First aid kits available
• Face masks for guests available

Physical distancing

• Cashless payment available

• Physical distancing rules followed

Cleanliness & disinfection

• Use of cleaning chemicals that are effective against coronavirus
• Linens, towels, and laundry washed in accordance with local authority guidelines
• Guest accommodation disinfected between stays

• Guest accommodation sealed after cleaning
• Property cleaned by professional cleaning companies

• Guests have the option to cancel any cleaning services for their accommodation during their stay

Food & drink safety

• Physical distancing in dining areas

• All plates, cutlery, glasses, and other tableware sanitized

Internet

WiFi is available in all areas and is free of charge.

Parking

Free public parking is available on site (reservation is not needed).

Policies of Markets Hotel

These are general hotel policies for Markets Hotel. As they may vary per room type, please also check the room conditions.

Check-in

14:00 - 00:00 hours

Check-out

06:00 - 10:00 hours

Cancellation / Prepayment

Cancellation and prepayment policies vary according to property type.

Children and Extra Beds

Free!Up to two children under 6 years stay free of charge when using existing beds.

There is no capacity for extra beds in the room.

The maximum number of total guests in a room is 3.

There is no capacity for cribs in the room.

Pets

Pets are not allowed.

Accepted credit cards

• Maestro
• Mastercard
• Visa
• Debit card
• UnionPay credit card
• Eftpos
• Discover
• JCB
• Diners Club
• American Express

The property reserves the right to pre-authorize credit cards prior to arrival.

Important Information

Please note that this property is strictly nonsmoking.
Please note that cots are not available at this property.

Accommodation Pipeline

After a prolonged period of limited new supply, developers have begun to recognise Australia's solid demand fundamentals and the major markets are now seeing a range of exciting hotel product being built.

As of January 2020, there are a total of 57,316 rooms in the hotel development pipeline until 2028, from a total of 332 projects.

Australian Accommodation Report

RevPAR to return to growth

While recent supply growth has impacted hotel performance across most of Australia's major markets, long-term projections are for all capital cities to return to growth. Dransfield's Hotel Futures 2019 report forecasts high occupancies to underpin long-term growth of both demand (4.0 per cent p.a.) and RevPAR (3.3 per cent p.a.) annually to FY2027.

Recent STR figures show growing supply in all major markets is having a dampening impact on occupancy and rates as the number of new rooms added is growing faster than additional rooms sold. Sydney and Hobart are achieving occupancy in excess of 80 per cent for YTD July 2019, with Melbourne's falling just below this. Sydney was the top performer nationally in terms of RevPAR. For more information, visit STR's website.

Future Prospects Remain Positive

In its Futures 2019 report, Dransfield Hotels & Resorts projects Australian major city RevPAR to grow at a healthy average of 3.3 per cent p.a. over the long term (to FY 2027) and 4.1 per cent after FY2019. They expect a positive supply and demand equation and sustained high occupancy levels will create rate growth opportunities, with growth expectations still well above recent history, which averaged 2.2 per cent p.a. over the last five years.

Recent Hotel Transactions

Colliers International reported a total of $1.8 billion in hotel transactions for 2018 based on 37 sales, with key highlights including:

• Queensland was the most active hotel investment market ($491 million) as investors made counter cyclical plays, capitalising on improving fundamentals in Brisbane and ongoing strength of trade in the key leisure markets.
• Volumes in New South Wales and Victoria were solid, aided by some big-ticket sales, and the Northern Territory witnessed its largest single investment since 2010 with Delaware North's acquisition of the Darwin casino.
• Offshore capital continued to dominate, accounting for two-thirds of transaction volume, with a notable broadening of the capital base with investors sourced from Singapore, Malaysia, Thailand, Middle East, Hong Kong, India and the United Kingdom.
• Development sales were prominent throughout 2018 with notable transactions including the Quincy Melbourne. More development sales are expected over the coming year with projects currently being marketed in Canberra, Sydney, Adelaide and Melbourne.
• Hotel openings are expected to peak in 2019 with the opening of more than 6,500 new rooms in the ten major accommodation markets. Deal flow is also expected to increase as owners respond to changing market conditions, particularly in markets with new supply.

Source: Colliers International Hotel Sales 2018

The Tourism Investment Monitor, produced by Tourism Research Australia (TRA), estimates both the total value and number of large scale tourism investment projects in the pipeline. The 2017-18 publication reported a total of 213 tourism projects, worth $44.0 billion.

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The Australian Accommodation Monitor (AAM) measures and tracks the performance of the Australian accommodation industry. STR, a global data analytics provider, conducts the AAM.

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