Hotel business growth led by Canberra, Perth
Overall occupancy in hotels, motels and serviced apartments in Australia was 1.2 per cent higher in 2011, than 2010, continuing the accommodation sector’s resurgence from the global financial crisis.
Chief executive of the Post GFC recovery pushes ahead , Richard Munro, said, “With similar growth in both average room rate and revenue per available room (revpar), it indicates that the accommodation market is progressing well along the long road to recovery following the global financial crisis.”
Australian Bureau of Statistics figures show that occupancy in Australia for the year ended December 2011 was 65.3%, compared to 64.1% for the year ended December 2010.
The average room-rate in 2011 was $159.01, compared to $153.08 in 2010, while revpar grew from $98.14 in 2010 to $103.85 in 2011.
“The best performing markets in 2011 were the ACT (revpar $128.93) and WA (revpar $121.37).
Munro added, “The resources boom is continuing to fuel growth in the performance of accommodation businesses in Western Australia, while in the ACT, government and related business is the mainstay of the Canberra market.”
Of the States and Territories, Tasmania ($80.82) and South Australia ($86.98) recorded the lowest revpar in 2011.
Only the Northern Territory saw a year-on-year decrease in rev par – from $98.58 in 2010 to $97.24 in 2011.
Ian Jarrett
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