Research & Statistics
June 30, 2016
Record IVS & NVS fail to prevent downgrading of hotel performance forecast
The latest International Visitor Survey showed spending, visitors and visitor nights continuing to reach record levels in the year ending March 2016. Visitors spent a record $37.9 billion, 17% more than the previous year. The number of visitors aged 15 years and over reached 7.1 million, increasing by 575,000 (9%), and nights were up 8% to 248 million. Nine of our top 20 markets had record visitor numbers during the year. Please click here for a copy of the TAA Member Bulletin.
The National Visitor Survey revealed equally strong results for the same period with domestic overnight trips up 8% to 88.5 million, nights increasing 5% to 327 million and expenditure growing 5% to $58.3 billion. Day trips also saw a rise increasing 9% to reach 183.2 million for the year, while day spend increased by 5% to $19.3 billion. Please click here for a copy of the TAA Member Bulletin.
Dransfield Hotel Futures 2016
The positive figures in the NVS and IVS didn’t prevent analyst Dransfield Hotels and Resorts from reducing its national Australian hotel forecasts for FY2016. As a result of sluggish demand and increased supply, former resources heavyweight cities were forecast to experience REVPAR declines of -18.9% in Darwin, -14% in Brisbane, and -4.2% in Perth. In contrast, Sydney’s dynamic growth would continue, with 7.5% REVPAR growth predicted.
The figures reflected the IVS and NVS trends, which highlighted that destinations with strong leisure markets – such as Gold Coast (+6.6%) and Cairns (+9.2%) – were most likely to perform well in 2016-17 due to increased inbound and local holiday makers, encouraged by the lower Australian dollar.
Tourism Australia releases International Tourism Snapshot
Tourism Australia has compiled an international tourism snapshot, providing an overview of the international visitor arrivals, expenditure and aviation results for the year ending 31 March 2016.
Rise of International Traveller Spending
According to the United National World Tourism Organisation, international tourism receipts grew by $1.4 trillion in 2015. Spending by Chinese travellers, the worlds’ largest outbound travel market, increased 25 percent year on year in 2015 ($292 billion) as total outbound travellers increased by 10 percent to 128 million.