Australia Hotels MarketView - Q2 2016

Asian tourist growth boosting hotel performance

KEY POINTS:

Annual RevPAR growth for the year ending June 2016 was 3.0% reaching $139.
ADR increased 1.7% to reach $184 for the year ending June 2016.
National occupancy jumped to 75.7% recording growth of 1.3%.
Top performers were Cairns and Hobart who are registering 11.1% and 10.7% increases in RevPAR for the year ending June 2016.
Visitor arrivals reached record highs of 7.1m, an increase of 9% on 2015, and domestic overnight trips were up 8% to 89m.
Spending by international visitors in the year to March 2016 reached a record high of $25.4bn, up 18% on 2015, whilst overnight spend on domestic trips increased 5% to $58bn.
Hotel sales volume so far this year are just shy of $1.3bn.
 
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CONTACT

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