Sep 2, 2026 – 2.04pmMore than double the number of new hotel rooms were opened in Melbourne than in Sydney over the past year, leading some global hoteliers to steer clear of what they fear is a supply glut in the Victorian capital.In the 12 months to July, 1135 hotel rooms opened in Melbourne across five new hotels, while in Sydney, 493 rooms became available in four new buildings, according to CoStar research.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles