Mum-and-dad home owners are set to strike 2032 Brisbane Olympic gold, turning spare rooms into Games success because of a major hotel shortage.
Short-term rentals have been backed to fill visitor demand and share the Olympic tourism boom after it was revealed barely a quarter of the hotel rooms required for the 2032 Games were on track to be delivered.
Hotel building across Brisbane, the Gold Coast and Sunshine Coast has almost stopped despite strong bookings and higher room rates, according to a Property Council of Australia report released on Wednesday.
Queensland is well behind the state government's own hotel targets, with the current pipeline expected to deliver about 24 per cent of the 14,700 extra rooms needed by 2032, according to CBRE, a global real estate and investment firm.
