SYDNEY— The Australian hotel industry is facing numerous challenges due to the worsening market conditions.  Among these, debt has become their biggest burden, according to a recent report by CoStar. Debt levels in the Australian hotel industry have increased by 20% in the past year, due to a number of factors, including the high cost of land and construction, as well as the rising cost of debt. High levels of debt cause difficulties for hotel owners to invest in their properties and make necessary repairs and renovations.  Furthermore, it makes them more vulnerable to interest rate hikes and other economic shocks. Despite the challenges, experts believe that the worst is over for the Australian hotel sector. The industry is expected to benefit from the return of international tourism and the continued growth of the domestic market. However, hotel owners will need to carefully manage their debt levels and other financial risks in order to weather the storm. If you’re struggling with debt or any financial difficulty, don’t hesitate to contact AVA Advisory for help.  With our expert advisors, we can guide you in developing an effective debt management strategy and negotiate with your lenders.   Call us today at 1300 181 220 to book a consultation.