Australia’s wellness market redefines hospitality, and additional reports

For PropertyGuru’s real estate news roundup, Australia’s wellness market is reshaping the country’s hospitality and investment landscapes. In other news, the outlook is cautious optimism for Asia Pacific consumers as 2025 approaches. Lastly, Ugra, an autonomous region in Russia, is seeking to strengthen IT collaborations with Vietnam.

Wellness market redefining hospitality and investment opportunities in Australia – BMT report

Australia’s wellness market is reshaping the country’s hospitality and investment landscapes, according to a recent report by BMT. The report highlights a growing demand for properties incorporating wellness-focused amenities, such as yoga studios, spas, and organic dining options. This trend is driven by heightened consumer awareness of health and well-being, alongside strong investor interest in niche markets. According to The Hotel Conversation, industry experts predict sustained growth, with wellness tourism contributing significantly to Australia’s GDP in the coming years.

Outlook 2025: Some positive signs for Asia Pacific’s embattled consumers

A report by Savills shows that Asia Pacific retail markets face mixed prospects in 2025, shaped by inflation, interest rates, and consumer confidence. Tourism has bolstered some markets, but domestic consumption remains subdued. In China, economic struggles have kept the retail outlook weak, though domestic brands and value-oriented offerings perform better. Japan sees growing personal consumption, supported by wage increases, though the weak yen inflates import costs. In Thailand, affluent consumers sustain modest spending amid high household debt, while Australia benefits from easing inflation and cost-of-living relief, boosting purchasing power. Retail property investment is regaining momentum in Australia, with rising occupancy and foot traffic supporting market fundamentals.

Russia’s autonomous area wants to boost IT cooperation with Vietnam

Ugra, an autonomous region in Russia, is seeking to strengthen IT collaborations with Vietnam, as reported by VietnamPlus. During a recent meeting, Ugra’s Deputy Governor expressed interest in joint ventures in software development, cybersecurity, and digital transformation. This initiative aims to leverage Vietnam’s burgeoning tech sector and Ugra’s expertise in IT infrastructure. Both sides are optimistic that these partnerships will enhance bilateral trade and technological innovation.

The Property Report editors wrote this article. For more information, email: [email protected].