Sydney Olympic Park. Strategic investment

Matt Eady, CEO, of Tourism Asset Holdings, said the five-star Pullman Olympic Park hotel, represented a strategic investment in the Sydney Olympic Park and complemented the company’s Novotel, Ibis and Formule 1 hotels in the precinct, which are managed by Accor Hotels and Resorts.

Sydney Olympic Park. Pullman pulls in patrons

Sydney Olympic Park has highlighted its position as Sydney’s fastest growing business, meetings, events and leisure destination with a 68 per cent increase in hotel occupancies for the year to September 2009. This comes on the eve of the first anniversary of the Pullman Sydney Olympic Park, Western Sydney’s first 5-star hotel, an Accor property, along with the company’s newly renovated Novotel Sydney Olympic Park, Ibis Sydney Olympic Park and Formule 1 Sydney Olympic Park, in the precinct.

Sydney Olympic Park. A sign of the times

The hotel sector is a among restaurants, airlines, retailers, tourism operators and others offering bargains to attract trade. For example, the room rate at Accor’s five-star Pullman property, at Sydney Olympic Park, usually at $250 per night, will drop to $79, during a promotion from April 1 to July 31 Rooms at the Pullman, MGallery, Grand Mercure, Novotel, Mercure and Ibis hotels around Australia, must booked on February 24, 25, and 26. “We anticipate the first half of the year is going to be weak, particularly from the corporate and conference sector,” said Peter Hook, a spokesman for Accor, Australia’s largest hotelier, the Weekend Australian Financial Review.