Investment Outlook Newsletter 

 

The current edition of Investment Outlook illustrates Perth's combination of significant improvements in occupancy and room rate resulting in explosive RevPAR growth. RevPAR in Perth jumped by an incredible 22.9% in the March quarter and 19.2% for the year to $97.37.

A quick analysis of recent statistics for the quarter ending september 2007 for Perth CBD hotels shows solid improvements in occupancy on top of double digit gains in room rate RevPAR. Perth is a market hoteliers are keen to have representation in. Occupancy is now above 80% which means further increases in demand will be matched by continued room rate growth. The past 5 years have seen growth in demand in the Perth market and this trend has continued with a 3.4% increase in demand in the year to March 2007.

With such good fundamentals, it should not be long before developers find the confidence to supply more rooms.

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Investment Outlook - Tourism Western Australia's Investment Newsletter

October 2007


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Letter from CEO Richard Muirhead

Letter from the CEO detailing Perth's explosive RevPar and positive investment indicators


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Tourism Industry Highlights

The highlights of the last quarter were Tourism WA's Executive Director David Etherton's visit to Dubai and Sydney where he presented on panel sessions, a new 5 Star hotel and an Invest Australia office opening in Perth


Perth

Perth's Explosive RevPar Growth

Perth is enjoying solid improvements in occupancy on top of double digit gains in room rate and RevPAR, making it a market hoteliers are keen to have representation in.


denham

Landbank Opportunities

The Department for Planning and Infrastructure in conjunction with Tourism WA have released a site in Denham in the Shark Bay World Heritage area


Old Treasury Building

Old Treasury Buildings Conversion to Luxury Hotel

The Old Treasury Buildings will soon see a major facelift with the introduction of a top quality hotel development and operation


Investment opportunities

Investment Opportunities

Hotel developments and acquisitions in Perth and regional WA


Ningaloo Reef retreat

World's Best Practice Eco Resort Design Competition Ningaloo

In August this year Tourism WA was part of a team that explored eco lodge tourism models focusing on the Cape Range National Park near Exmouth


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Investment News Archives

Find previous editions of Investment Outlook, Tourism Western Australia's Investment Newsletter here.

© Western Australia Tourism Commission 2007