Hotel room rates in Australia could soon rise as the market struggles to keep up with demand, according to a report in The Sydney Morning Herald today.
Quoting figures released by the Australian Bureau of Statistics, the paper says both occupancy rates and the cost of a hotel have both risen in 2007, with Sydney, Melbourne and Perth having the most difficulties raising supply.
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Hoteliers say the industry is currently struggling to meet skills shortages and retain existing staff, as well as meet increasing cost pressures.
By Penny Jones
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