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 in 2007 at � Room nights sold peaked in 2007 at
1.69 million
� Supply peaked in 2007 at 25,550 rooms
Source: ABS/Dransfield
Gold Coast Accommodation(hotels/motels/serviced apts)
� Occupancy peaked in 2007 at 70.7%
� RevPAR peaked in 2007 at $92.28per � RevPAR peaked in 2007 at $92.28per night
� Room nights sold peaked in 2007 at
3.38 million
Source: ABS/Dransfield
Gold Coast Accommodation 2009
� Avg occupancy fell to 62.8%
� RevPAR fell to $80.58 per night
� Room nights sold fell to 3.16million
Source: ABS/Dransfield
Gross Avg. Annual Income per Hotel Room ($)
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
Change in Gold Coast Hotel Room Rates & Occupancy 1999-2009
20.0
occupancy % point change
room rate % change
Source: ABS 8635.0
2.7
1.8
-0.6 -0.2 0.4
7.3
2.30.3
3.0
-1.9 -2.2-5.0
6.0 6.0
2.04.0
5.0
5.0
8.06.0
0.0 -0.1
-20.0
-10.0
0.0
10.0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
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 � 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
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
Return on Investment
(AEC Group, National Tourism Investment Strategy, 2006)
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
International Visitor Arrivals to Australia and Shocks to Growth
3
4
5
6
Arr
ivals
(m
illi
on
s)
10
15
20
25
30
% c
han
ge
Sydney Olympics
RHS % chgLHS, Arrivals
Sources: ABS Overseas Arrivals & Departures (ABS Cat 3401.0)
0
1
2
1981 1985 1989 1993 1997 2001 2005 2009
Arr
ivals
(m
illi
on
s)
-10
-5
0
5 % c
han
ge
Asian Financial CrisisPilots' Strike Sept 11 Bali
BombingSARS GFC
Domestic VisitorsQLD Regions 2000-09
600,000
700,000
800,000
900,000
1,000,000Brisbane -0.6%pa
Gold Coast 3.3%pa
TNQ 0.7%pa
Vis
itors
Source: Tourism Research Australia , Tourism QLD
0
100,000
200,000
300,000
400,000
500,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Sunshine Coast 0.9%pa
Whitsundays 0.7%pa
Vis
itors
Year Ended
International Visitors QLD Regions 2000-09
4,000,000
5,000,000
6,000,000
Gold Coast -0.5%pa
Brisbane 2.4%pa
Vis
itors
0
1,000,000
2,000,000
3,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Sunshine Coast 2.7%pa
TNQ -2.0%pa
Whitsundays 0.7%pa
Source: Tourism Research Australia , Tourism QLD
Vis
itors
Year Ended
Domestic Visitor NightsQLD Regions 2000-2009
Gold Coast 0.7%pa
12000
14000
16000
18000
20000
Vis
itor
Nig
hts
p.a
. *
('000's
) Brisbane 3.7%pa
* Visitor nights include all commercial accommodation premises, not visiting friends or relatives, not children <14
Source: Tourism Research Australia , Tourism QLD
TNQ 0.6%pa
Whitsundays -0.3%pa
0
2000
4000
6000
8000
10000
12000
98
/99
00
/01
02
/03
04
/05
06
/07
08
/09
Year Ended
Vis
itor
Nig
hts
p.a
. *
('000's
)
Sunshine Coast 2.7%pa
International Visitor Nights QLD Regions 2000-2009
Vis
itor
Nig
hts
p.a
. *
('000's
)
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000Brisbane 8.8%pa
Vis
itor
Nig
hts
p.a
. *
('000's
)
Year Ended
* Visitor nights include all commercial accommodation premises, not visiting friends or relatives, not children <14
Source: Tourism Research Australia , Tourism QLD
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Gold Coast 3.3%pa
Sunshine Coast 5.3%pa
Whitsundays 2.7%pa
TNQ 1.2%pa
Accommodation Type Used ‘09
Domestic Visitors International Visitors
Friends & relatives 26% 16%
Hotel, motel, resort, motor inn
37% 49%
Rented house/apt/flat 17% 12%Rented house/apt/flat 17% 12%
Serviced apartment 10% 8%
Caravan park, campground
4% 3%
Backpackers 1% 10%
Source: NVS,IVS, Tourism QLD, Tourism Research Australia
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 � 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
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 is residentialhighest 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
Conclusions
� Gold Coast accommodation and tourism operators need to see increasing tourists, both domestic & international
� The industry recovery is expected from 2010 � The industry recovery is expected from 2010 onwards
� Further Federal & local funding is needed to assist in tourism promotion
Also in the Latest Midwood Report
� Population trends & forecasts
� Non-residential building trends
� Dwelling activity (approvals, commencements)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
Website: Website:
www.midwoodaustralia.com
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$375 (incl.GST)
Includes four quarterly
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