Sydney Olympic Park. Heritaged listed

The Olympic Cauldron at Sydney Olympic Park, an iconic feature of the Sydney 2000 Olympic and Paralympic Games opening ceremonies has been given permanent heritage protection, coinciding with the 10th anniversary of the “best games ever”. NSW Minister for Planning, Tony Kelly, said it is the youngest item to have been placed on the State Heritage Register.

Region. Popularity of serviced apartments

Accor Hotels, Mantra Group, Quest, Meriton and others are represented in the serviced apartment sector of the accommodation category, in Western Sydney. A new report from CBRE Hotels tips the sector to become a much more dominant force in the category. The report highlights two distinct market segments in this sector nationally, leisure seekers and the corporate traveller. Demand from the leisure market has fostered considerable serviced apartment development in tourist markets Currently, domestic customers make up 82 per cent of serviced apartment business. The report highlights that 75 per cent of new traveller accommodation projects, either planned or under construction, will involve serviced apartments, given the current financing constraints on new hotels and the comparative cost benefits of serviced apartment projects.