Australia To Get Its First Fairmont Hotel
Accor is bringing its luxury brand to Port Douglas.
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The northern tip of Queensland is set to land Australia’s first Fairmont hotel, with the opening of the Fairmont Port Douglas resort in 2023.
An hour’s drive from Cairns the resort sits between the UNESCO World Heritage sites of the Great Barrier Reef and the Daintree Rainforest and will serve as a popular hub for tourists looking to explore the clear waters and famous coral reefs or the unique wildlife of the Daintree.
The Fairmont Port Douglas is set to host 253 rooms and will embrace its natural surrounds through a birds’ nest-themed lobby, a treetop walk and a want for green spaces and natural light throughout.
“We are excited to bring the extraordinary Fairmont brand to Australia and are confident that Fairmont Port Douglas will deliver a new level of luxury and sophistication to one of the country’s most glamourous resort towns,” says Simon McGrath, COO of Accor Pacific.
Elsewhere, the resort sees several restaurant and bars along with several resort-style pools and a decadent day spa – which will lean on natural, local ingredients.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
The Westpac-Melbourne Institute Consumer Sentiment Index slipped to 84.6 in September from 85.0 in August
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SYDNEY—Australian consumer confidence fell in September amid concerns about job security as economic growth slows to a crawl.
The Westpac-Melbourne Institute Consumer Sentiment Index slipped 0.5% to 84.6 in September from 85.0 in August.
While cost-of-living pressures are becoming a little less intense and fears of further interest rate rises have eased, consumers are becoming more concerned about where the economy may be headed and what this could mean for jobs, said Westpac’s Head of Australian Macro-Forecasting, Matthew Hassan.
Consumers remain concerned about rising inflation, which is stoking concerns that interest rates may rise further, Hassan added.
The report comes a week after data showed the economy barely registered a pulse in the second quarter as consumer spending dropped sharply.
On-year GDP growth in the second quarter was the weakest since the early 1990s, excluding the pandemic years.
At the same time, the Reserve Bank of Australia continued to signal that interest rate cuts are unlikely in the near term, while adding that under certain circumstances a further hike in interest rates may be needed.
The RBA remains concerned about price growth, with core inflation remaining stubbornly elevated at nearly 4.0% on year in the second quarter.
Still, while consumers are downbeat, economists expect spending to regather momentum over coming quarters as income tax cuts delivered in July boost household budgets.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
