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Mulpha ramps up development as Hayman Island, Sanctuary Cove rebound
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Property and hospitality company Mulpha Australia has unveiled a $360 million Australian development pipeline as its Queensland resorts Hayman Island and Sanctuary Cove rebound after a tough 2020, when both were hit hard by border closures.
Chief executive Greg Shaw said occupancy rates at Hayman Island, which underwent a $135 million redevelopment in 2019, now average 80 per cent and are better than they were before COVID-19.
International travel bans have benefited Hayman Island in far north Queensland, which is seeing consistently high demand from domestic travellers.
“We’re getting more consistent demand coming through than before,” he said.