• The first quarter of 2019 saw hotels experience slower growth in most markets according to STR. The slowdown was largely driven by increases in supply as opposed to weaker demand, except for Darwin and Cairns.
  • Brisbane, Perth, and Sydney saw large increases in supply over the past year, which is causing hoteliers to lower pricing to fill rooms. Darwin continues to experience the effect of the end of the business cycle, resulting in a ~16% fall in RevPAR, largely on the back of a decline in occupancy.
  • While other markets experienced slower growth, Hobart had an outstanding quarter, recording 6.4% RevPAR growth, reversing some of the declines in 2018. Hobart is experiencing a tourism boom from both international and domestic visitors.