Perth is increasing hotel capacity

Perth, Western Australia is building new hotels. It is certainly welcomed as the city suffered from tight supply for many years.

In article that I wrote in 2010 ( ) suggested that a wave of new hotel construction could signal a peak in a mining cycle. I think the timing of my prediction seems close enough, but the mining cycle was already reverting before these most recent announcements.

Nevertheless, news that Hilton, Ritz Carlton and others are planning to build new lodgings in Perth is quite exciting.

And perhaps it’s time to start bargain hunting in selected mining stocks.

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