Insights for academics into 2017 hotel rates
The Australian Hotel Outlook is mandatory reading for Campus Travel clients who would like to understand current conditions in the Australian hotel sector, anticipated rate movements in key cities, and strategies to minimise rate increases.
The paper is produced by 4th Dimension Business Travel Consulting, a specialist consulting team that forms part of the Flight Centre Travel Group (FCTG) and supports Campus Travel and other FCTG businesses with industry-leading airfare and hotel research and intelligence. 4th Dimension sources data that informs and drives innovative travel procurement and cost-reduction strategies. The team also provides ‘big data’ style analytics to give educational organisations greater visibility into their travel spend and policy compliance, and to measure and benchmark their performance against similar industry or academic organisations.
Campus Travel gives you exclusive access to this unique source of information to help improve your organisation’s travel management and bookings, achieve more competitive rates and increase the overall value of your spend.
What the Australian Hotel Outlook tells you
The Australian Hotel Outlook will help your organisation understand whether you are likely to be paying less, the same or more for your hotel room nights in each major city during 2017. Key findings of this industry analysis include:
- a forecast of overall moderate growth in hotel revenues and rates this year, with Average Room Rates across Australia to increase only 1% for the 2016 financial year but to grow steadily by an average of 3.7% p.a. to the 2018 financial year
- little to no anticipated change in room rates in flat markets such as Brisbane, Adelaide, Perth and Darwin
- anticipated rate increases in stronger markets including Sydney, Melbourne, Hobart, Gold Coast and Cairns – the latter two being key markets for conferences, incentives and events.
The Australian Hotel Outlook also gives your organisation a range of strategies to help minimise rate increases in the more buoyant markets, including:
- reviewing your existing hotel supplier arrangements
- benchmarking your rates against those of similar organisations
- negotiating new rates based on your anticipated volumes for the year ahead
- booking rooms in advance where possible
- booking all hotels through one source – your Campus Travel Consultant – to stay within policy and secure the lowest possible rates.
Click on the link below to view this concise paper, which includes a snapshot of Average Room Rates and Revenue Per Available Room (RevPAR) for each major Australian city.