Gold Coast accommodation
 and the tourism industry
Gold Coast Hotels
        (excluding motels/serviced apts)
  Occupancy peaked in 2007 at 72.9%

  Room nights sold peaked ...
Gold Coast Accommodation
             (hotels/motels/serviced apts)
  Occupancy peaked in 2007 at 70.7%

  RevPAR peaked i...
Gold Coast
          Accommodation 2009
  Avg occupancy fell to 62.8%

  RevPAR fell to $80.58 per night

  Room nights so...
Gross Avg. Annual Income per Hotel Room ($)
                      2008      2009       Change
Gold Coast            $42,98...
Change in Gold Coast Hotel Room
 Rates & Occupancy 1999-2009
                                                        occup...
Gold Coast Accommodation
The Gold Coast reached its cyclical peak
in 2007, ahead of Australia as a whole
A low performing ...
Gold Coast Hotels
           2017 Forecast
                     2017 Forecast   Change 2009-17

  Occupancy             67...
Return on Investment
     Business Type (AUST)              ROI 1998-2004
     Tourism Businesses                   11.8% ...
International Visitor Arrivals to Australia and Shocks to Growth

                      6                                 ...
Domestic Visitors
                               QLD Regions 2000-09
      1,000,000
                                     ...
International Visitors QLD
                            Regions 2000-09
           6,000,000

                             ...
Domestic Visitor Nights
                                             QLD Regions 2000-2009
                               ...
International Visitor Nights
                                     QLD Regions 2000-2009
                                 1...
Accommodation Type Used ‘09
                                Domestic Visitors           International Visitors
Friends & r...
Gold Coast Airport
           Int’l Arrivals
Net international inbound capacity for 2010 up
four flights per week to total...
Gold Coast Town Plan - North
Gold Coast Town Plan - South
Gold Coast Town Plan
 The Plan does not have tourism precincts
 This increases the land value to the
 highest use, which i...
Conclusions
 Gold Coast accommodation and tourism
 operators need to see increasing tourists,
 both domestic & internation...
Also in the Latest Midwood Report

 Population trends & forecasts
 Non-residential building trends
 Dwelling activity (app...
Website:
www.midwoodaustralia.com

  Annual Subscription:
     $375 (incl.GST)
  Includes four quarterly
reports and on-li...
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Gold Coast Hotel Stats

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Facts and figures of Gold Coast hotel performance including occupancy rates, nights sold (demand), supply, RevPAR, tourist visitation and Gold Coast Town Plan.

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Gold Coast Hotel Stats

  1. 1. Gold Coast accommodation and the tourism industry
  2. 2. Gold Coast Hotels (excluding motels/serviced apts) Occupancy peaked in 2007 at 72.9% Room nights sold peaked in 2007 at 1.69 million Supply peaked in 2007 at 25,550 rooms Source: ABS/Dransfield
  3. 3. Gold Coast Accommodation (hotels/motels/serviced apts) Occupancy peaked in 2007 at 70.7% RevPAR peaked in 2007 at $92.28per night Room nights sold peaked in 2007 at 3.38 million Source: ABS/Dransfield
  4. 4. Gold Coast Accommodation 2009 Avg occupancy fell to 62.8% RevPAR fell to $80.58 per night Room nights sold fell to 3.16million Source: ABS/Dransfield
  5. 5. Gross Avg. Annual Income per Hotel Room ($) 2008 2009 Change Gold Coast $42,985 $40,522 -6% Cairns & TNQ $36,137 $28,200 -22% Brisbane $55,730 $51,165 -8% Queensland $42,572 $39,457 -7% Hotel Occupancy Rates (%) 2006 2007 2008 2009 Gold Coast 70.8 72.9 71.5 69.9 Cairns & TNQ 67.3 64.2 60.9 53.1 Brisbane 81.3 81.5 77.8 75.1 Queensland 69.0 69.3 67.9 64.2 Source: ABS 8635.0
  6. 6. Change in Gold Coast Hotel Room Rates & Occupancy 1999-2009 occupancy % point change room rate % change 20.0 7.3 8.0 10.0 6.0 6.0 6.0 2.7 5.0 4.0 2.0 5.0 0.0 -0.1 0.0 3.0 1.8 2.3 -0.2 0.4 0.3 -5.0 -0.6 -1.9 -2.2 -10.0 -20.0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Source: ABS 8635.0
  7. 7. Gold Coast Accommodation The Gold Coast reached its cyclical peak in 2007, ahead of Australia as a whole A low performing year in 2008, due to GFC, which avoided oversupply but constrained short-term growth Forecasts indicate recovery from 2010 Soul & Hilton will bring 319 rooms to the market by 2012
  8. 8. Gold Coast Hotels 2017 Forecast 2017 Forecast Change 2009-17 Occupancy 67.6% +4.8% RevPAR $117.49/night +$34.50/night Room nights sold 4.10million +940,360 Source: Dransfield
  9. 9. Return on Investment Business Type (AUST) ROI 1998-2004 Tourism Businesses 11.8% pa All Businesses 14.9%pa (AEC Group, National Tourism Investment Strategy, 2006) The tourism industry has been saved by technology and innovation Low cost airfares and accommodation packaging Online booking and virtual tours
  10. 10. International Visitor Arrivals to Australia and Shocks to Growth 6 30 25 5 LHS, Arrivals RHS % chg 20 Arrivals (millions) 4 Sydney Olympics 15 % change 3 10 5 2 0 1 Asian Financial Crisis -5 Pilots' Strike Sept 11 Bali SARS Bombing GFC 0 -10 1981 1985 1989 1993 1997 2001 2005 2009 Sources: ABS Overseas Arrivals & Departures (ABS Cat 3401.0)
  11. 11. Domestic Visitors QLD Regions 2000-09 1,000,000 Brisbane -0.6%pa 900,000 Gold Coast 3.3%pa 800,000 700,000 TNQ 0.7%pa Visitors 600,000 500,000 400,000 Sunshine Coast 0.9%pa 300,000 200,000 Whitsundays 0.7%pa 100,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Year Ended Source: Tourism Research Australia , Tourism QLD
  12. 12. International Visitors QLD Regions 2000-09 6,000,000 Brisbane 2.4%pa 5,000,000 Visitors 4,000,000 Gold Coast -0.5%pa 3,000,000 Sunshine Coast 2.7%pa 2,000,000 TNQ -2.0%pa 1,000,000 Whitsundays 0.7%pa 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Year Ended Source: Tourism Research Australia , Tourism QLD
  13. 13. Domestic Visitor Nights QLD Regions 2000-2009 20000 18000 16000 Gold Coast 0.7%pa 14000 Brisbane 3.7%pa Visitor Nights p.a. * ('000's) 12000 10000 Sunshine Coast 2.7%pa 8000 TNQ 0.6%pa 6000 4000 Whitsundays -0.3%pa 2000 0 98/99 00/01 02/03 04/05 06/07 08/09 Year Ended * Visitor nights include all commercial accommodation premises, not visiting friends or relatives, not children <14 Source: Tourism Research Australia , Tourism QLD
  14. 14. International Visitor Nights QLD Regions 2000-2009 18,000,000 Brisbane 8.8%pa 16,000,000 14,000,000 Visitor Nights p.a. * ('000's) 12,000,000 10,000,000 Gold Coast 3.3%pa 8,000,000 6,000,000 TNQ 1.2%pa 4,000,000 Sunshine Coast 5.3%pa 2,000,000 Whitsundays 2.7%pa 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Year Ended * Visitor nights include all commercial accommodation premises, not visiting friends or relatives, not children <14 Source: Tourism Research Australia , Tourism QLD
  15. 15. Accommodation Type Used ‘09 Domestic Visitors International Visitors Friends & relatives 26% 16% Hotel, motel, resort, 37% 49% motor inn Rented house/apt/flat 17% 12% Serviced apartment 10% 8% Caravan park, camp 4% 3% ground Backpackers 1% 10% Source: NVS,IVS, Tourism QLD, Tourism Research Australia
  16. 16. Gold Coast Airport Int’l Arrivals Net international inbound capacity for 2010 up four flights per week to total of 44 per week Additions from Auckland (Pacific Blue) Kuala Lumpur (Air Asia X) 35% increase on 2009 weekly international inbound seat capacity to a record high of 10,840
  17. 17. Gold Coast Town Plan - North
  18. 18. Gold Coast Town Plan - South
  19. 19. Gold Coast Town Plan The Plan does not have tourism precincts This increases the land value to the highest use, which is residential Only distinct precinct in the Plan is an eco- tourism area in East Coomera but it is outside the development footprint in the SEQ Regional Plan
  20. 20. Conclusions Gold Coast accommodation and tourism operators need to see increasing tourists, both domestic & international The industry recovery is expected from 2010 onwards Further Federal & local funding is needed to assist in tourism promotion
  21. 21. Also in the Latest Midwood Report Population trends & forecasts Non-residential building trends Dwelling activity (approvals, commencements) New apartment sales/stock survey QLD-wide Regional tourism and accommodation trends House & Unit price movements General property & tourism market commentary
  22. 22. Website: www.midwoodaustralia.com Annual Subscription: $375 (incl.GST) Includes four quarterly reports and on-line access

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