According to a STR study, Australian hotels are still among the best performing assets in the world, while the growing number of new openings has weighed on the sector's revenues.
In the first seven months of the year, hotels in Australia and Oceania recorded the second highest occupancy rate, at 73.4%, followed by closely by the 74.1% of Northern Europe.
In addition, despite the substantial fall of the Australian dollar against the US dollar, the average daily room utilization rate in the region reached US $ 137 per night. In this category, the region ranks fourth, behind the Caribbean, the Middle East and Southern Europe.
Read also: The Australian Commercial Market Exceeds Japan, China
In terms of revenue per available room (RevPAR), Australian hotels earned an average of $ 101, ranking second after the Caribbean region, which had a better rate, at $ 160.
Another report by CBRE Hotels indicated that local hotels benefited from the weakness of the Australian dollar. This has made local hotels more attractive to international travelers looking for great destinations, "said Ben Martin-Henry, CBRE Deputy Director of Research.
"A weaker US dollar will continue to support the growth in the number of international visitors and the amount they spend in Australia, while encouraging Australians to travel to the country rather than to the United States. overseas because of a higher purchasing power at home, "he told The Australian Financial Review.
The apparent slowing of the hotel scene in Australia is expected to continue. In fact, a recent JLL report predicts that the value of major hotel sales will reach $ 1.5 billion this year, which is below the historical average.
However, Australian hotels are still considered competitive, said Peter Harper, executive of JLL Hotels & Hospitality Group.
"Despite the lack of sales offers, investor demand remains strong as offshore groups continue to focus on the market, while domestic groups have increased their activity," he said. at the AFR.
Top suburbs:
Goulburn
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Tiwi
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Springwood
,
lalor park
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Chermside
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