February 19, 2020
National RevPar declined 1.9% in 2019 as room supply growth is beginning to outstrup room demand growth in some markets, aggecting occupancy and resulting RevPar levels.

Some of the key highlights include:

- Annual RevPAR declined 1.9% to $137 for the year ending December 2019
 
- National occupancy declined 0.9% to 73.9%
 
- ADR declined 1.0% to $186 for the year ending December 2019
 
- Hobart, Brisbane and Adelaide all registered positive annual RevPAR growth for the year ending December 2019
 
- International visitor arrivals reached a record high of 8.7m for the year ending September 2019, an increase of 2.5% on 2018
 
- Spending by domestic visitors in the year to September 2019 was $79.1bn, up 13.3% on 2018, whilst overnight spend by international visitors was $31.3bn, up 5.0% on 2018
 
- Hotel sales volume for 2019 was ~$1.8bn

CLICK HERE to view the full report. 

 

Contact


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