White Paper on Australian Hotel Market Outlook

This white paper presents a forecast for the Australian hotel market until the end of the yrea 2014 and further states that Asia is expected to continue to lead the growth in inbound arrivals to Australia.

The paper notes that the Tourism Forecasting Committee (TFC) RevPAR in 2012 expects to see further occupancy growth as new supply is being absorbed, along with stronger rate growth of up to 7.5%.

Until Q1 of 2012, annual growths in RevPAR are not expected, with year-end 2012 RevPAR growth increasing by 2% from the previous quarter forecasts. Occupancy levels are set to reduce by less than 1% to 74% and average room rates to rise by 2%.

For the end of year 2012, growth is anticipated across all areas with occupancy expected to increase by 3% to 59%, average room rates to rise by 1% and RevPAR set to increase by 6%.