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CBRE Forecasts 24% RevPAR Growth for Australian Hotels
financeeHotelier··1 min·For: Owner, Investor, GM, Revenue

CBRE Forecasts 24% RevPAR Growth for Australian Hotels

CBRE predicts Australian hotel RevPAR could reach $225 with 80% national occupancy by 2030 as international visitor intensity returns to 2019 levels. Higher per-visitor spend and longer average stays are set to drive significant top-line growth across gateway markets.

Key Takeaways

  1. 1International visitor spending rose 31% to $6,795 while average stays lengthened to 8.6 nights.
  2. 2Returning to 2019 visitor intensity requires an additional 1.07 million arrivals.
  3. 3Domestic demand remains strong, currently representing 70% of total hotel room nights.

Read original source →

Source: eHotelier

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