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Releasing Deloitte"s Q4 Tourism and Hotel Outlook, Deloitte Access Economics" Lachlan
Smirl said occupancies were forecast to continue to grow over the medium term as demand continued
to outstrip supply in the capital cities.
"Our forecast is for national occupancy rates to remain relatively stable over the next
year, as supply increases in some key markets, before climbing to 67.1% by 2015," he said.
Trend occupancy rates in Sydney remained solid in the year to June at 85.1% – down slightly
on the 85.4% recorded for the year to March, suggesting the city is close to capacity at
peak times.
For the complete article, please go to Big4.com