Asia -  Perth

Perth hotel market is the worst performing Australian market with continuous decline in occupancy level and average rates. This is due to the downturn in business travel, entrance of significant new supply into the soft market and the rise of using non-traditional accommodation bookings. An enormous increase in hotels room supply without a corresponding increase in tourism arrivals led to further downward pressure on both occupancy and room rate. Investments in infrastructure, various tourism campaigns and signs of an improving state economy are expected to lift the hotel market but may not be sufficient to offset the downward trend in the near term. HVI estimates the values to have declined approximately 22.1% and 19.7% in USD and AUD respectively in 2017 over the previous year. Considering the weak outlook in the domestic economy, transaction activity remained subdued in Perth. Perth’s supply woes will likely continue with 3,340 new rooms entering the market over the next 5 years. 

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Perth RevPAR Change

Perth RevPAR

Year RevPAR
2015 127.82
2016 118.79
2017 108.30
2018 (f) 101.30
2019 (f) 101.53
2020 (f) 99.52

For more information, please contact:

Hok Yean CHEE
[email protected]
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
[email protected]
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)
Jeremy Teo
[email protected]
  • +65 6730-6307 (w)
  • +65 9190-1991 (m)