Australia Hotels MarketView - Q1 2018

Cairns remains hot; Darwin continues evolving

 

KEY POINTS:

 Annual RevPAR growth for the year ending March 2018 was 3.0% reaching $144.
 ADR increased 2.0% to reach $188 for the year ending March 2018.
 National occupancy jumped to 76.4% recording growth of 1.1%.
 Top performers were Cairns and Darwin which registered annual RevPAR increases of 9.1% and 6.7% respectively for the year ending March 2018.
 International visitor arrivals reached a record high of 8.1m, an increase of 6% on 2016, and domestic overnight trips were up 7% to 97.2m.
 Spending by international visitors in the year to December 2017 was $28.5bn, up 9% on 2016, whilst overnight spend on domestic trips increased 6% to $64.5bn.
 Hotel sales volume for Q1 2018 was ~$300m.
 

Click here to download the full report.

 

CONTACT

Ben Martin-Henry
Research Manager - CBRE Australia
O: +61 2 9333 3205
E: ben.martin-henry@cbre.com.au