Australian mean ADR is at $228(Dec22), compared with $184(Dec19), a greater than 20% increase from 2019 historic peak. On average Australia’s room daily rates are at all-time highs since Q1 2022 compared to 2019, with following quarters surpassing 2019’s quarters by 20%+ (chart 1).
With the latest figures (chart 3) indexing Dec22 to Dec19, we see for capital city performance Brisbane with 35% above 2019’s peak, all other cities follow suite with the lowest increases Melbourne and Sydney also performing well above 10% increase to 2019. Of note we have included the figure for Gold Coast region which is at 40% above 2019’s peak.
For Dec22, Gold Coast also scores the highest ADR above $270 with Sydney at $250 and Melbourne and Brisbane equal at slightly above $200 (chart 2).
Aus as a whole(chart 4), we see increasing gradient for ADR trend from Jul21toJun22.
Across all accommodation types and class (chart 6, 7), we also see increasing ADR trend, with YoY increase Jun22 indexed to Jul21 the greatest increase in hotels and resorts, service apartments (above 20%) and upper mid to luxury classes also experiencing a 20% average increase compared to 2021 levels. Holiday parks and motels see the least increase at 7%-9% increases respectively when compared to Jul21.
All Research and Charts by Charles Man. Please ask for permission if re-use. All raw data from STA, STR, core-logic and individual state's official tourism statistics website.
Comments