An analysis by the Australian Financial Press has found that the government has been spending $5.7bn on hotel supply service infrastructure upgrades.
Key points:The government is looking to invest $4.7 billion in hotels supply infrastructure over the next three years to meet the hotel industry’s increasing demandThe Government has spent $1.3bn to build two new hotels for the past three years and has earmarked $1bn to invest in another two hotelsA government spokesperson told the ABC the money will be used to invest around $2.5 billion in hotel supply infrastructure, including a $2 billion boost to the state’s hotels sector.
“The Government is committed to delivering high quality and efficient hotels,” the spokesperson said.
“There is no better time than now to take action to address the supply issues that are affecting the economy.”
We have identified a number of areas where we can make real progress and we have committed $4bn over three years for those areas.
“A major boost for the industryThe Government’s $4 billion investment is the biggest in the country to date.
The upgrades include upgrading two hotels to the latest standards and upgrading four others to a new standard.”
The Government spent $2bn on upgrading a number for the next year, including upgrading two of the four hotels, the ABC reported.”
It’s about the supply chain.”
The Government spent $2bn on upgrading a number for the next year, including upgrading two of the four hotels, the ABC reported.
A spokeswoman for the Department of Housing and Community Development said the $1 billion investment would create 5,500 new jobs and create up to $8 billion in economic activity in the local economy.
She said the government would also invest $1,000 per household to cover costs for the construction of a new hotel.
“This is an opportunity for the Government to take a very critical step towards ensuring that hotels are affordable and accessible to all Australians,” the spokeswoman said.
Topics:government-and-politics,households,housing-industry,housing,social-policy,business-economics-and/or-finance,government-offices,business,business-,commerce-and_finance-industries,corporate-governance,australiaFirst posted September 24, 2018 06:21:00Contact James Kelly