November 10, 2020

Domestic market 'locked in' for the summer

Key Insights:

  • In the first signs of recovery, all national markets recorded occupancy improvements in Q3 2020 relative to Q2 with the Gold Coast, Cairns, Darwin, Brisbane and Hobart experiencing the strongest rebounds.
  • Annual RevPAR declined 33.9% to $90 for the year ending September 2020.
  • National occupancy declined 29.8% to 51.7% for the year ending September 2020.
  • ADR declined 5.9% to $175 for the year ending September 2020.
  • No market registered positive annual RevPAR growth for the year ending September 2020.
  • Domestic overnight trips for the year ending June 2020 reached 92.0 million, declining 19% on 2019.
  • Domestic overnight spend for the year ending June was $63 billion, down 19% on 2019.
  • Hotel sales volume for Q3 2020 was $289 million.

CLICK HERE to view the full report. 

Contact


Chinmay Chitale
Research Manager - CBRE Hotels
Head of Hotels Research 
[email protected]



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