Echo upbeat on Asia tourism, aims to fill aspirational gap

Echo Entertainment, which beat a consortium of Greenland and Crown Resorts to redevelop the Queen’s Wharf in Brisbane, says the gap between actual visitors to Australia and those who place the country at the top of their aspirational list shows the enormous potential for Asian tourism. Australia has seen a surge in investment interest over the past year, with the state of Queensland offering up three new licenses in an attempt to boost its tourism industry. New South Wales also gave the go ahead to Crown for a new VIP only casino in Sydney, while other properties around the country are undergoing multimillion dollar face lifts. This has led some analysts to question whether there will be sufficient demand given the current relatively low level of Chinese visitation and the level of existing competition in the local market. However, in a recent interview at Echo Entertainment’s current headquarters at The Star...

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