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Victoria’s hotels miss out on growth spurt
The slow road to recovery is continuing for Australia’s accommodation industry, according to the Australian Bureau of Statistics (ABS).
Figures show that from the September quarter of 2011 to the September quarter of 2012, the key indicator for the industry, revenue per available room (RevPAR), in Australia rose from AUD105.60 to AUD109.80.
"While most of the parts of Australia which are traditionally strong performers, such as Western Australia and the Northern Territory, have again showed growth in RevPAR for the September quarter, it is particularly positive that there has been significant RevPAR growth in NSW, Queensland and to a lesser extent, South Australia," said Richard Munro, CEO of the Accommodation Association of Australia.
Munro said "it remains a concern" that RevPAR in Victoria and Tasmania is flat, with Victoria slipping to the third-lowest RevPAR of any state and territory for the September 2012 quarter.
Occupancy across the nation’s hotels and motels was stagnant at around 67%.
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