FCM Travel Solutions' sister brand 4th Dimension Business Travel Consulting has released its hotel analysis for 2018 and hotel performance this year has indicated moderate growth in revenue nationally across Australia and New Zealand.
Looking forward to 2018 we see a different landscape with opportunities for rate negotiations varying between key cities.
The paper reveals key insights such as:
- Average Room Rates (ARRs) across Australia will increase 4-5% or $7-9 nationally
- In New Zealand, ARRs are reported to be up 11.7% or $10-15+ nationally
- In flat markets such as Brisbane, Adelaide, Perth, Darwin, Canberra and Christchurch, business travellers should benefit from little to no change in their room rates in the year ahead
- In stronger markets including Auckland, Sydney, Melbourne, Hobart and the Gold Coast, business travellers should account for rate increases in their 2018 travel budgets