2022-02-08 Services & Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING REPORT                            8 FEBRUARY 2022


6.      REPORTS FOR NOTING FOR THE COMMITTEE


4    NOOSA HOLIDAY PARKS UPDATE REPORT TO 31 DECEMBER 2021

Author              Property Advisor- Commercial Property, Robyn Mercer
                    Corporate Services Department

Index               ECM/ 8.16 Camping and Caravan Facilities (General)

Attachments         Nil.



EXECUTIVE SUMMARY
This report provides an update on the Noosa Holiday Park Business Activity for the period from 1
July 2021 to 31 December 2021, including financial and commercial performance, operational
activities and achievements.

RECOMMENDATION
That Council note the report by the Property Advisor – Commercial Property to the Services &
Organisation Committee Meeting dated 8 February 2022 providing an update on operations of the
Noosa Holiday Park Business Activity to 31 December 2021.

REPORT
1.   Financial Performance

                            2021/22      2021/22        2021/22
TOTAL BUSINESS                                                       % Current       YTD
                           Original      Current          YTD
ACTIVITY                                                              Budget       Variance
                            Budget       Budget         Actuals
Total Revenue              $2,951,620   $3,191,338     $1,971,825      61.79%     $1,219,513
Total Expenditure          $2,228,036   $2,467,754     $1,544,779      62.60%     $ 922,975
Operating
                           $ 723,584    $ 723,584      $ 427,046                  $ 296,538
Surplus/(Deficit)

Key Comments Total Business Activity

Financial year performance for the Noosa Holiday Parks business activity is positive, delivering
strong revenue and operating surplus outcomes.

Year-to-date (YTD) performance against budget is stable, with operating revenues outperforming
forecast and operating expenditure slightly higher than forecast due to completion of a number of
operational activities within the early part of the financial year.

Broadly, the camping and caravanning industry has stabilised in financial year 2021/22 following
the uncertainty in prior 2020/21 financial year due to Covid-19 related closures and consumer
uncertainty. Demand for camping and caravanning is consistently growing, further confirming the
continued important role of campgrounds and holiday parks within the tourism and recreation
sector.

Further commentary on each Noosa Holiday Park is provided below.




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