Australia Hotels MarketView - Q4 2017

And the winner is…

 
 
KEY POINTS:
 
Annual RevPAR growth for the year ending December 2017 was 2.8% reaching $143.
ADR increased 1.8% to reach $187 for the year ending December 2017.
National occupancy jumped to 76.2% recording growth of 0.9%.
Top performers were Cairns and Canberra who registered annual RevPAR increases of 9.5% and 8.2% for the year ending December 2017.
International visitor arrivals reached a record high of 7.9m, an increase of 7% on 2016, and domestic overnight trips were up 7% to 95.9m.
Spending by international visitors in the year to September 2017 was $28.5bn, up 10% on 2016, whilst overnight spend on domestic trips increased 7% to $63.7bn.
Hotel sales volume for 2017 was ~$1.5bn.
 
Click here to download the full report.
 

CONTACT

Ben Martin-Henry
Research Manager - CBRE Australia
O: +61 2 9333 3205