Global Power | Local Knowledge | Uniquely Personal

Deloitte: Hotel tourism on the rise (1)

Northern Queensland, the Gold Coast and Melbourne all saw improved occupancy rates in the last year.

It appears that tourism hotspots are seeing better business this year from both Australia and abroad.

Deloitte's Tourism and Hotel Market Outlook says hotel occupancy rates in the Gold Coast, Melbourne and northern Queensland have all improved in the last year.

While Melbourne and the Gold Coast was generally a more attractive prospect to domestic tourists, northern Queensland saw more hotel stays from international visitors.

This comes in spite of the fact that Australia's currency was previously considered overvalued, creating fears that international tourists would question how affordable visiting the country would be.

Nevertheless, the tumble that it has made against the American dollar in recent months may have spurred tourism on again.

Deloitte also predicts that hotel occupancy rates in all of these areas will continue to rise until the end of 2015.

Improving tourism is also good news for Australia's economy as the government searches for a way to replace revenue from mining, which has softened recently.

Posted by Ravin Chatlani

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact

Subscribe Now