Australia Short Term Accommodation Performance Analysis and Forecast (3) - Occupancy

Occupancy rates are yet to match 2019’s peak, but are increasing. Australia’s accommodation average occupancy Dec22 currently at 65%, slightly below the average occupancy of 72% in Dec 2019. Chart 9 shows latest Dec22 benchmarked to Dec19 levels, with all capital cities still below 2019, and highlighted region Gold Coast flat.

Chart 10 shows Dec22 actual occupancy vs Dec19 occupancy, with Hobart having the highest occupancy amongst the capital cities above 70%, Adelaide above 70% and Brisbane returning slightly lower than 70%.

Chart 11 details the obvious increasing occupancy trend of FY22 from the lockdowns of ‘21 to the opening and mass domestic travel of ‘22.

All Research and Charts by Charles Man. Please ask for permission if re-use. All raw data sourced from STA, STR, corelogic and inidividual states' official tourism statistics website.