Brisbane faces major hotel shortage before 2032 Olympics

Brisbane faces an 11,000 hotel room shortage ahead of the 2032 Olympics, requiring one new hotel to be built every month until the Games. Only two hotels have been constructed across South East Queensland in the past 12 months, with building costs increasing by 40% since 2019. Unlike apartment buildings, hotels take three to five years to recoup construction costs, creating a significant infrastructure challenge for the host city.See omnystudio.com/listener for privacy information.