Guest Blog – Bryon Merzeo / Deloitte Australia

There has been a long drought of new hotel, motel and serviced apartment construction stretching over the past decade.  This, in turn, has led to record occupancy levels in many capital city markets – with average occupancy above 80% in Perth, Melbourne and Sydney in 2013

Melbourne, for example, experienced 138 nights in the past year at 90% or greater occupancy. In Sydney, 90% plus occupancy was experienced on 153 nights, equivalent to five months of the year.

There are currently around 90 hotel projects in the four-year pipeline across the country, the most we have seen in over a decade.

Sydney is slated for nearly 3,000 new rooms, while Brisbane, Melbourne and Perth are likely to see just shy of 2,000 each.

Deloitte’s Tourism and Hotel Market Outlook forecasts:
Perth: Despite a forecast decrease to 79.4% occupancy by 2016, Perth rooms rates are still expected to continue to grow at a healthy rate.

Darwin and Sydney are both expected to see rates rise at the 4% mark for the next three years.  Our countries leading leisure destinations will also see much welcomed revenue from room rate growth.  The Gold Coast and TNQ tourism regions are capable of 3.2% and 3.5% rate growth respectively.

Across the nation, room rates are expected to grow at 3.4% per year, with most capital cities forecast to grow nearer 4.0% each year.

Click image to enlarge


Deloitte Room Rate Growth

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