In the latest report for the second quarter of calendar 2025 from Colliers, it says hotel demand and supply dynamics remain favourable across the country, while transactions and developments overall are on an upward trajectory. Colliers’ head of Hotels, Karen Wales says that for occupancy numbers, Sydney is leading the pack, averaging 81.3% over the first six months of 2025 and an upswing of 4.1 points on the prior year.