Meeting papers

SERVICES & ORGANISATION COMMITTEE MEETING                                             8 AUGUST 2023


6.2       NOOSA HOLIDAY PARKS UPDATE


Author              Property Advisor - Commercial Property, Robyn Mercer
                    Corporate Services Department
Index               ECM/ 8.16 Camping and Caravan Facilities (General)
Attachments         None


EXECUTIVE SUMMARY
This report provides an update on the Noosa Holiday Parks business activity for the period from 1
July 2022 to 30 June 2023, including financial performance, business outcomes, operational
activities, capital works and economic impact.
Overall, the Noosa Holiday Parks performed strongly in financial year 2022/23, with revenue 12.7%
higher than the previous financial year period and at record levels. An operational surplus of $1.237
million exceeded budget and visitation levels have increased by 22% from the previous financial
year. The financial performance results reflect Council’s commitment to business improvement
through investment in operational systems and high-quality management services that improve
revenue outcomes, visitation levels, operational cost efficiency and visitor enjoyment.


The Noosa Holiday Parks represent an opportunity to meet the recreational and social needs of
communities, to support our local economy and enable visitors to explore the Noosa region. The
Noosa Holiday Parks accommodated 61,219 visitors during financial year 2022/23, representing an
overall economic contribution of $25 million (GDP) and an employment contribution of 202 FTE jobs.
Market demand for the Noosa Holiday Parks is strong, reflected in over 600,000 website visits and
over $2.5 million in secured forward bookings.


Financial performance trends and market demand indicates that the Noosa Holiday Parks is well
positioned for robust financial sustainability, visitation and positive economic impact into the future.
RECOMMENDATION
That Council note the report by the Property Advisor – Commercial Property to the Services &
Organisation Committee Meeting dated 8 August 2023 providing an update on operations of the
Noosa Holiday Park Business Activity for the 2022/23 financial year.


REPORT
1. FINANCIAL PERFORMANCE

The financial performance outcomes for financial year 2022/23 are strong, characterised by high
revenue levels at each site and delivery of a higher than expected operational surplus. Revenue
continues to grow year on year and achieved a record revenue of $4.2 million in financial year
2022/23.

      •   The revenue of $4.2 million achieved in financial year 2022/23 is an increase of $481,000
          from the previous financial year period, representing an annual increase of 12.7%.
      •   An operational surplus of $1.237 million was achieved in financial year 2022/23, exceeding
          budget expectations by $472,000.
      •   Boreen Point Campground financial year on year revenue increased by 23.3%.




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