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Australia is one of the few countries that avoided the global financial crisis of 2008 and 2009. But after years riding a wave of red-hot growth and expansion, the Australian economy is starting to cool off as demand for its vast mineral resources tapers.

But that doesn't make Sydney any less desirable or important for business travellers. Australia’s annual growth rate remains at a respectable 2.6%, and the number of international business travellers arriving in the country’s largest city grew by 0.6% in 2012, according to Destination NSW, the regional tourism board. And starting in December 2013, the Sydney Convention and Exhibition Centre at Darling Harbour will close for massive 1.1 billion Australian dollar re-do, re-emerging in 2016 as the 20-hectare, state-of-the-art International Convention Centre Sydney.

According to state government statistics, business travellers arriving in Sydney spent 6% less in 2012 than in the heady days of 2011. Smaller travel budgets, declining demand and a weaker Australian dollar mean that it is becoming easier for international visitors to reserve a hotel room with a prized water view or to snag a table in a top restaurant.

Sydney’s Kingsford Smith International Airport, located just 16km south of the Central Business District (CBD) remains busy. The poorly connected domestic and international terminals can cause frustration for transferring travellers, but airport officials have plans to improve the situation with roadway upgrades. Plus, there is growing support for a proposed A$6 billion second airport at Badgerys Creek in Sydney’s far western suburbs, which would help relieve the pressure at Kingsford Smith.

In the meantime, taxi is the easiest way to get between the airport and town (A$50). Airport Link trains depart from both international (A$16.70) and domestic terminals (A$15.90) for the 20 to 30 minute trip to the CBD.

Hotels

Elegant
The biggest news on Sydney’s luxury hotel scene was the 2012 acquisition of the legendary Observatory Hotel by Hong Kong’s rapidly expanding Langham Hospitality Group, which promptly changed the hotel’s name to The Langham, Sydney. The group has plans for a “progressive refurbishment” of the elegant Georgian-style, 96-room hotel, perched in the CBD on a quiet bluff above The Rocks, the site of Sydney’s original European settlement and now a popular historical district.

After what seemed like forever, the scaffolding came down and doors opened in March 2012 at the completely rebuilt 155-room Park Hyatt Sydney, located on the water in The Rocks near the ferry hub Circular Quay. Most rooms offer floor-to-ceiling sliding glass doors leading to balconies that look out to the iconic Sydney Opera House, The Rocks and the Sydney Harbour Bridge, but you’ll get stunning near-360-degree views from the fourth storey suites or from the sexy rooftop pool deck.

The Darling is Sydney’s newest five-star hotel. The 171-room hotel at Darling Harbour, just west of the CBD, is part of a massive A$870 million redevelopment of The Star, a glitzy mixed use development on Darling Harbour that includes 20 restaurants, a casino, bars, cafes, clubs and high-end retail stores. If you are looking to relax after a long journey – or just a long day – ask for a room with an oversized bathtub that overlooks the harbour.

Edgy
You’ll find a little of Sydney’s historic charm (think brick walls and exposed beams) combined with contemporary design (bespoke furnishings, Australian art and walk-in showers) at the 90-room 1888 Hotel Sydney in Pyrmont on the western edge of the CBD. The hotel currently bills itself as the world’s first Instagram hotel, offering users with more than 10,000 followers the opportunity to redeem a free night stay by simply emailing their request to the hotel. There’s also a “selfie” space (a large gilded frame) where guests can photograph themselves to post on social networks. If jetlag has you up early, take in the action at the neighbouring Sydney Fish Market (the largest in the southern hemisphere) with a fascinating 1.5-hour, behind-the-scenes tour that begins at 6:40 am. 

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