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& Tourism properties
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We are all well aware of the impact COVID-19 has had on our lives, in both the business & personal aspects of our daily life. Given the national and international implications of border closures, we are endeavouring to minimise the flow-on effects to our clientele with regards to inspections and freedom of information when it comes to how it affects buyers and sellers alike. In our interactions with property managers and in-house residents and guests, we have found there has been a mixed reaction.
In a recent conversation with a Victorian tourist in Port Douglas, visiting with her husband and children, she said she was happy to have somewhere to go outside of their home state as it was freezing when they left home and had recommended a northern escape to a number of friends who were considering the same destination in the near future. The management team at the same resort reflected the same upbeat attitude expressing the expectation of a better than average January due to an uptick in domestic bookings.
Others who rely on international business were also positive about their prospects via an influx of enquiries from domestic sources as well. An outstanding complaint was not having backpackers to fill positions in staffing terms, which bodes well for local employment opportunities. Considering January and February are generally the quietest months, various owners were looking to recover some figures from the disastrous closures and losses during the prolonged lockdowns of last year. It seems that residential accommodation management teams have found recent security in their figures with residents being content to remain in place, and vacancies being minimal at this time. Short stay operators are feeling confident in a resurgent domestic market due to Australians not being able to enjoy overseas travel for an unpredictable amount of time in the future. Whether buying or selling, Management rights still look good for North Queensland moving forward and at resortsales.com we are still confident in our region and the potential it holds, especially considering our remote nature, and not enduring the higher exposure and lockdowns of the metro populous of southern centres to Covid-19.
If you are looking to invest in the Management Rights industry, Far North Queensland may be the perfect sea-change you are looking for, especially to escape the Metro Covid-encumbered southern states.
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