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Occupancy rates for April 2018 were higher compared to April last year, up 2.0 percentage points (pp) to 68%. An increase of 3.2% in demand has contributed to the lift in occupancy rates. There was also an increase in room rates of 1.1% to $128. Revenue per available room (or RevPar) was higher at $87 (up 4.1% or $3.40). Room supply at the end of the month was 9,157 rooms.
For the year ending (YE) April 2018, occupancy rates were 4.8pp higher at 73% compared to YE April 2017. An increase in the number of room nights occupied (or demand) of 7.5% to 2.42 million contributed to the increase in occupancy rates while the average daily room rate were marginally higher (up 0.8%) at $141. RevPAR for YE April 2018 was higher (up $6.90 to $104) compared to the previous twelve month period.
RevPAR has increased slightly since April 2017, moving from $84 to $87 in April 2018. Average room rates (or Daily Rates) have remained relatively steady compared to April 2017 shifting from $126 to $128. For the year ending April 2018 the Daily rates increased 0.8% to $141 compared to April 2017, Rev Par was also higher up 7.0% or $6.90 to $104 in the year ending April 2018.
For more information on trends in the accommodation sector, please refer to the Darwin and Alice Springs accommodation reports on the Tourism NT Corporate website.
The data in this report is sourced from STR and is collected from a sample of 36 hotels with 10 or more rooms in the NT. Data is collected daily and collated to represent the industry. This sample represents 40% of the establishments in the NT and 58% of the room supply.
Disclaimer: The Department of Tourism and Culture has taken due care and skill in preparing this information, however does not warrant that it is correct or suitable for the purpose for which it is intended to be used. The Department disclaims all liability associated with the use of this information.
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