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WA, NT lead the way in rental bookings growth
Property managers in Australia reported an average occupancy rate of 41% during the September quarter (up from 31% in the June quarter 2010), according to the latest figures from the quarterly Occupancy Accommodation Index (OAI)
The Northern Territory and Western Australia reported strongest growth in occupancy rates compared to last quarter.
Tasmania experienced the lowest occupancy levels, followed by South Australia.
An average of 46% of property managers report an increase in bookings during the July-September quarter of this year compared to the same period of last year.
The Occupancy Accommodation Index (OAI) is a quarterly survey of more than 1,000 holiday rental property managers across Australia, by independent specialist in online accommodation services, Occupancy.com.
The OAI aims to determine what level of occupancy different types of accommodation establishments receive and complement ABS data for larger size properties.
Respondents are comprised from the ‘smaller’ end of the market, of which holiday houses and units make up more than half of the accommodation types.
“Small businesses continue to deliver critical tourism services to local economies. We identified a need for detailed and regular accommodation data to enable the industry to grow sustainably within suitable government policies,” said Occupancy.com joint CEO, Justin Butterworth.
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