Australia's hotel markets saw mixed results in 2015. Sydney and Melbourne continue to perform well while the resource heavy cities of Darwin, Brisbane and Perth all posted drops in RevPAR. In 2015 Sydney was the best performing hotel market in Australia, recording an occupancy of 85% and an ADR of A$212. After a number of years of almost no supply growth, new properties are finally entering the market. Robust economic growth coupled with rising domestic and international tourism numbers should see demand for rooms continue to grow, offsetting the supply increases. 2016 is set to be another strong year for Sydney's hotel market, with RevPAR likely to grow 1.7% to A$184. Overall we forecast RevPAR to grow at a robust CAAG rate of 2.9% in the years to 2020.

About Horwath HTL

Horwath HTL is focused one hundred percent on hospitality, tourism, and leisure consulting. Our services cover every aspect of hotel real estate investment, tourism, and leisure development. Our clients choose Horwath HTL because we have earned a reputation for impartial advice that will often mean the difference between failure and success. Each client project is unique, and they rely on us to utilize the experience we have gained throughout our 100-year history to assist them in achieving their goals. Being a global firm with 52 offices in 40 countries, we have successfully carried out over 40,000 assignments for both public and private clients. As part of the Crowe Global network, a top-ten accounting, and financial services network, Horwath HTL is the number one choice for companies and financial institutions looking to invest and develop in the industry.

For more information, please visit www.horwathhtl.com.

Sophie Rayner
Global Marketing Manager
Horwath

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