The Top 3 Market Movers in Australia remain the same for year-to-date through July 2019, with Hobart growing by an impressive 8.6% in RevPAR, Tom Gibson from JLL Hotels & Hospitality Group has reported.
JLL Hotels & Hospitality Group have reported that the Top 3 Market Movers in Australia remain the same for Year-To-Date through July 2019, with Hobart growing by an impressive 8.6% in RevPAR.
Perth recorded the strongest performance for the month of July, growing by 12.1% in RevPAR.
At a glance:
"The gap is closing at the top!," said Tom Gibson, Senior Vice President at JLL's Hotels & Hospitality Group.
"Hobart continues to set the pace for RevPAR growth in Australia through July 2019, growing by 8.6%," he continued.
"Both Melbourne and Perth are proving to be resilient against market forecasts, a product of an improved events calendar and the entrance of new luxury products."
The Top 3 Australian RevPar movers from YTD July 2019 vs 2018 are:
1. Hobart +8.6%
2. Perth 5 Star +5.4%
3. Melbourne 5 Star +0.7%
Click here to visit JLL Hotels & Hospitality Group
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