THE latest Australian Accommodation Monitor (AAM) shows hotel, motel, and serviced apartment occupancy rates were up for the 2016/17 period, increasing 0.5% on 2015/16 data.
Average occupancy rates were recorded at 75%, with revenue per available room also increasing by 1.6%, averaging $139 per night for the same period.
Luxury accommodation providers fared especially well during 2016/17, enjoying an 81% occupancy rate, with the average price paid by visitors recorded at $253 per night.
All major Australian cities observed occupancy rates of close to 80%, a higher average than the previous corresponding period, with the bulk of the growth driven by Perth, Brisbane and Sydney.
The 2016/17 period saw 18 new properties built, adding 2,650 rooms to the Aussie market.
Source: traveldaily