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Australia / NZ Occupancy & ADR trends 2000 - 2004. Occupancy & ADR Trends. Outlook. On the plus side Year end June 2005 international visitors up 6.3% to 5 million TFC forecast aagr growth in international visitor nights of 5.1% between 2005 – 2014
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Outlook On the plus side • Year end June 2005 international visitors up 6.3% to 5 million • TFC forecast aagr growth in international visitor nights of 5.1% between 2005 – 2014 • Growing popularity of capital cities for conference/convention business • Cairns Conv Centre voted World Best Congress Centre 2004 • Development of Darwin City Waterfront & Convention Centre worth $1billion • Approaching overall supply and demand equilibrium after period of oversupply in many capital cities • Low cost domestic airlines promoting travel to wider spectrum of the community • Increased airline capacity • Strong domestic hotel investment appetite – Mulpha, Eureka • Emergence of India and China as strong potential source markets On the downside • Fuel pricing both in regard to domestic and international travel could potentially put a break on growth in visitor nights • The potential spread of Avian flu in the Asia Pacific region • Softening of Japanese visitor market in Queensland market
