Victoria’s hotel sector suffers $1.7bn loss as revenue dives

cim | CIM Business Events

Victoria’s tourism sector has undergone its largest peacetime economic contraction over the last 12 months. Victoria’s hotels have recorded a whopping $1.7 billion in lost room revenue, equating to a decline of 62 per cent. A report commissioned by the Accommodation Association showed there were 6.6 million fewer nights spent in Victorian hotel rooms in […]...

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