Australia Hotels MarketView - Q2 2017

Nation's capital showing some leadership

KEY POINTS:

Annual RevPAR growth for the year ending June 2017 was 1.9% reaching $140.
ADR increased 1.3% to reach $186 for the year ending June 2017.
National occupancy jumped to 75.7% recording growth of 0.6%.
Top performers were Canberra and Cairns who registered annual RevPAR increases of 10.4% and 9.8% for the year ending June 2017.
International visitor arrivals reached a record high of 7.7m, an increase of 9% on 2016, and domestic overnight trips were up 3% to 99.4m.
Spending by international visitors in the year to March 2017 was $27.3bn, up 8% on 2016, whilst overnight spend on domestic trips increased 6% to $61.7bn.
Hotel sales volume for the first half of 2017 were just over $600m.

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CONTACT

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