National Accommodation Barometer, 2012 Q4 Edition

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The TTF-HOSTPLUS National Accommodation Barometer tracks key accommodation sector performance metrics across Australian capital cities and iconic tourism destinations.  The Barometer also highlights the performance of selected other regions, including beach holiday destinations, mining and resources areas, and wine tourism regions.

Capital and Major Cities

Growth in the Capital Cities Index eased slightly in the final quarter of 2012, with RevPAR growing at 1.2% compared to the same quarter in 2011. This was below the full year 2012 RevPAR growth rate of 3.3%. Occupancy remained high at 80.8% in the December quarter, down 0.7 percentage points (pt) from the December quarter 2011, while new supply was limited, growing by 1.6% on a quarter on quarter basis. In the rest of Australia, there was growth in rates and stable occupancy, resulting in RevPAR growth of 2.4%. Full year 2012 results show a 4.3% increase in RevPAR from a slight gain in occupancy and 3.1% growth in room rates.

 Beach Holiday Destinations

Strong December quarter growth in the Beach Holiday Destinations Index was driven by very strong gains in the Queensland beach markets. Room rates have now recovered to levels not seen since the GFC which, combined with improving occupancy, has led to strong RevPAR growth.

Port Douglas recorded the strongest growth of any market examined for the Barometer in the December quarter, with RevPAR increasing by 30.2% based on solid occupancy growth and a 13.4% increase in room rates. The Whitsundays also recorded growth in room rates and occupancy, resulting in a 10.1% increase in RevPAR.

Results in Port Macquarie were flat in the December 2012 quarter, while Coffs Harbour continues to struggle, with a moderate room rate increase counteracted by falling occupancy, reflecting longer term trends in this market.

Download the full report.

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Director, AHS Advisory

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