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Perth Hotel DevelopmentPipeline Report
December 2017
Perth CBD Monthly Hotel Performance
Source: STR Global – based on a sample of 33 hotels, December 2017
Month Occupancy ADR RevPAR
Year – over – Year *
Occupancy% change
ADR% change
RevPAR% change
Dec-16 76.2% $173.12 $131.98 -1.7% -8.9% -10.5%
Jan-17 75.4% $166.32 $125.42 0.1% -4.3% -4.2%
Feb-17 82.1% $179.11 $147.09 -4.1% -12.0% -15.6%
Mar-17 84.2% $175.39 $147.65 -0.1% -9.4% -9.5%
Apr-17 77.2% $164.47 $127.05 -8.7% -22.8% -29.5%
May-17 81.5% $171.76 $140.05 1.2% -5.4% -4.3%
Jun-17 75.6% $157.90 $119.44 -4.7% -9.5% -13.7%
Jul-17 78.5% $156.72 $123.04 -0.3% -7.1% -7.3%
Aug-17 82.9% $166.58 $138.02 0.2% -3.8% -3.7%
Sep-17 82.0% $159.82 $131.03 -10.4% -15.2% -24.1%
Oct-17 85.5% $168.85 $144.45 -1.4% -10.6% -11.8%
Nov-17 87.9% $168.33 $147.94 -1.2% -13.4% -14.4%
Dec-17 77.5% $182.93 $141.68 1.6% 5.7% 7.4%
* Note: The percentage change displayed beneath the monthly hotel performance chart will reflect the change from the same month in the previous year (year-on-year growth).
PERTH HOTEL DEVELOPMENT PIPELINE REPORT
DECEMBER 2017
75%
86% 84% 85%81% 79% 79%
83%92%
87% 89%
76%75%82% 84%
77%82%
76% 79%83% 82% 86% 88%
77%
0%
20%
40%
60%
80%
100%
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Room Occupancy (%)2016 2017
174
204193
213
182 174 169 173189 189 194
173166179 175
164 172158 157
167 160169 168
183
$0
$50
$100
$150
$200
$250
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Average Daily Rate ($AUD)
2016 2017
Perth CBD Historical Hotel Performance
Source: STR Global – based on a sample of 33 hotels, December 2017
PERTH HOTEL DEVELOPMENT PIPELINE REPORT
DECEMBER 2017
Year Occupancy ADR RevPAR
Year - over - Year
Occupancy
% change
ADR
% change
RevPAR
% change
2011 83.9% $201.56 $169.10
2012 85.0% $222.72 $189.41 1.4% 10.5% 12.0%
2013 84.0% $214.03 $179.77 -1.2% -3.9% -5.1%
2014 84.1% $204.26 $171.73 0.1% -4.6% -4.5%
2015 83.2% $200.00 $166.39 -1.1% -2.1% -3.1%
2016 82.8% $185.84 $153.94 -0.4% -7.1% -7.5%
2017 80.8% $168.50 $136.14 -2.5% -9.3% -11.6%
Note: “% change” results indicate the percentage change (growth or decline) from the previous yearADR - Average daily rateRevPAR - Revenue per available room
70%
75%
80%
85%
90%
95%
100%
$0
$50
$100
$150
$200
$250
2011 2012 2013 2014 2015 2016 2017
ADR RevPAR Occupancy
Elizabeth Quay
Australian Cities Comparison
PERTH HOTEL DEVELOPMENT PIPELINE REPORT
DECEMBER 2017
Source: STR Global - Australia New Zealand Hotel Review data, December 2017
Alex Hotel Rooftop
$100
$120
$140
$160
$180
$200
$220
$240
$260
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Monthly Hotel Average Daily Rate 2017
Perth Australia Melbourne Sydney
62%
67%
72%
77%
82%
87%
92%
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Monthly Hotel Occupancy Rate 2017
Perth Australia Melbourne Sydney
PerthAustralia
Melbourne
Sydney
65%
70%
75%
80%
85%
90%
95%
$155 $165 $175 $185 $195 $205 $215 $225 $235
Hotel Occupancy Rate (%) and Average Daily Rate ($) 2017
More expensive and higher congestion
Improved affordabilityand reduced congestion
PERTH HOTEL DEVELOPMENT PIPELINE REPORT
DECEMBER 2017
Australian Cities Comparison
PERTH AUSTRALIA MELBOURNE SYDNEY
Year Occ. ADR Occ. ADR Occ. ADR Occ. ADR
2011 84.3% $ 197.88 73.2% $ 170.08 75.6% $ 175.21 82% $ 184.79
2012 84.5% $ 218.00 73.9% $ 175.33 77.5% $ 176.02 81% $ 189.18
2013 83.3% $ 210.13 74.2% $ 178.50 80.0% $ 182.33 83% $ 195.68
2014 82.5% $ 200.05 74.6% $ 179.92 81.0% $ 184.54 84% $ 199.60
2015 81.6% $ 196.86 75.6% $ 183.31 82.9% $ 186.99 85% $ 211.95
2016 79.0% $ 183.34 75.7% $ 184.65 83.4% $ 184.94 85% $ 220.50
2017 75.0% $ 169.45 76.2% $ 187.32 83.1% $ 185.52 86% $ 230.13
Source: STR Global - Australia New Zealand Hotel Review data, December 2017
New HotelsCBD
Greater Perth
MetroTotal
Hotels Rooms Hotels Rooms Hotels Rooms
Completed 2012 to date 15 1,606 7 635 22 2,241
Committed & Under Construction 9 2,369 3 416 12 2,785
Total 24 3,975 10 1,051 34 5,026
Perth Hotel Development Pipeline Overview
Source: Tourism WA Analysis
Redevelopments & RenovationsCBD
Greater Perth
MetroTotal
Hotels Rooms Hotels Rooms Hotels Rooms
Completed 2012 to date 2 - 2 86 4 86
Committed & Under Construction 1 40 1 139 2 179
Total 3 40 3 225 7 265
PERTH HOTEL DEVELOPMENT PIPELINE REPORT
DECEMBER 2017
COMO The Treasury
Total New or RedevelopedCBD
Greater Perth
MetroTotal
Hotels Rooms Hotels Rooms Hotels Rooms
Completed 2012 to date 17 1,606 9 721 26 2,327
Committed & Under Construction 10 2,409 4 555 14 2,964
Total 27 4,015 14 1,276 43 5,291
Project Name Year Opened Scale Total # of Rooms
Fraser Suites Perth * 2012 Luxury 236
The Terrace Hotel 2012 Upscale 15
Baileys Serviced Apartments * 2014 Independents 25
The Nest on Newcastle 2015 Independents 20
Alex Hotel 2015 Independents 74
COMO The Treasury 2015 Luxury 48
Attika Hotel * 2015 Independents 22
Citylights Hotel 2015 Independents 46
Quest West Perth * 2016 Upscale 72
Sage Hotel West Perth 2016 Independents 101
Quest Mounts Bay Road * 2016 Upscale 71
Quest East Perth * 2016 Upscale 130
Peppers Kings Square Hotel 2016 Upper Upscale 120
Crown Towers Perth 2016 Luxury 500
Tribe Perth 2017 Independents 126
Total Completed 1,606
Serviced apartments are included in the pipeline and marked with an (*) .
Crown Towers
New Perth CBD Hotel Openings (completed since 2012)
Source: Tourism WA Analysis
PERTH HOTEL DEVELOPMENT PIPELINE REPORT
DECEMBER 2017
New Hotels in Perth CBD: Committed & Under Construction
Committed hotels included in this pipeline meet the following requirements are Complete, Under Construction and/or the WA government is actively involved in the project.
Serviced apartments are included in the pipeline and marked with an * .
Project Name Status
Expected
Completion
Date
ScaleTotal # of
Rooms
The Westin Perth (FESA House) Under Construction 2018 Upper Upscale 368
DoubleTree by Hilton, Northbridge Under Construction 2018 Upscale 206
DoubleTree by Hilton, Perth Waterfront Under Construction 2019 Upscale 229
QT Hotel Perth Under Construction 2018 Upper Upscale 184
Ritz-Carlton (Elizabeth Quay) Under Construction 2019 Luxury 204
Mantra Perth Metro Under Construction 2019 Upscale 250
EQ West Hotel (AAIG & Fini Group) Committed 2019 190
Dorsett Hotel (Perth) Committed 2020 Upscale 250
Unnamed Hotel (NV Apartments) Under Construction 2019 Independent 488
Total Committed & Under Construction 2,369
Westin Aerial View
Hotel Refurbishments / Renovations / Rebrandings in Perth CBD
Project Name Status
(Expected)
Completion
Date
Scale
Old #
of
Rooms
Total #
of New
Rooms
Total #
of
Rooms
Holiday Inn Perth City Centre Renovated 2016 Upper Midscale 181 5 186
InterContinental Perth City Renovated 2017 Luxury 245 (5) 240
Total Rooms Back on Market 426 - 426
The Melbourne Hotel Under Construction 2018 Independents 33 40 73
Total Committed & Under Construction 33 40 73
Source: Tourism WA Analysis
PERTH HOTEL DEVELOPMENT PIPELINE REPORT
DECEMBER 2017
Project Name Status
(Expected)
Completion
Date
ScaleOld # of
Rooms
Total #
of New
Rooms
Total #
of Rooms
Country Comfort Inter
City PerthExpanded 2015 Upper Midscale 99 62 161
Be.Fremantle * Expanded 2017 Independents - 24 24
Total Rooms Back on Market 99 86 185
Comfort Inn Bel Eyre Under Construction 2018 Upper Midscale 75 139 214
Total Committed & Under Construction 75 139 214
New Greater Perth Metro Hotel Openings (completed since 2012)
Project Name Open Date Scale Total # of Rooms
Hougoumont Hotel – Stage One 2013 Independents 37
Quest Rockingham * 2015 Upscale 96
Seashells Fremantle 2016 Independents 24
Quest Fremantle * 2016 Upscale 122
Aloft Perth 2017 Upscale 224
Ramada VetroBlu Scarborough Beach Hotel 2017 Midscale 52
Quest Innaloo * 2017 Upscale 80
Total Completed 635
Hotels in the Greater Perth Metro: Committed & Under Construction
Committed hotels included in this pipeline meet the following requirements are Complete, Under Construction and/or the WA government is actively involved in the project.
Serviced apartments are included in the pipeline and marked with an * . The Hampton Inn by Hilton at Cockburn Central is comprised of 122 hotel rooms and 24 services apartments.
Project Name Status
Expected
Completion
Date
Scale
Total #
of
Rooms
Park Regis Subiaco Under Construction 2018 Upper Midscale 168
Quest Midland * Under Construction 2018 Upscale 102
Hampton Inn by Hilton at Cockburn Central Under Construction 2019 Upper Midscale 146
Total Committed & Under Construction 416
Hotel Refurbishments & Rebranding in the Greater Perth Metro
Source: Tourism WA Analysis
PERTH HOTEL DEVELOPMENT PIPELINE REPORT
DECEMBER 2017