New water initiative in Darwin aims to save residents money
Embracing the latest water conservation initative being lead by the Northern territory government could be great news for sustainable households.
Daily cleaning services, fresh towels whenever you want and even chocolate on your pillow – who doesn't love staying in a hotel from time to time?
Well, according to new data, investors might want to start looking at hotels as more than just a roof over their heads when they're travelling, especially if they're thinking of investing in Darwin commercial property.
A May report regarding Australian hotels showed that a lack of quality hotels in Australia could make them a commercial asset class for investors to watch, according to Savills.
And with the Northern Territory trying to boost tourism in the region, making hotels a part of your commercial property investment plan could be a lucrative move.
In fact, the NT government announced its intentions to launch new tourism marketing initiatives as far back as 3 April, based in part on the attention Australia was receiving during the Royal visit.
"The Royal visit will provide us with a wealth of material and opportunity to tap into our key market of the United Kingdom and entice more Brits to book a holiday to the NT," minister for tourism Matt Conlan said in a media release.
Mr Conlan went on to say the NT government would "leverage as many tourism benefits" as possible from the visit.
A push for more tourism combined with a tight hotel inventory should certainly give commercial property investors something to chew on.
Embracing the latest water conservation initative being lead by the Northern territory government could be great news for sustainable households.
Future commitment to infrastructure development in the Northern Territory could be a great investment incentive for commercial property buyers.