07/1259 - Peregian Beach needs assessment [As Published] · 132007.1259

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caravan park operators have been forced to make considerable financial
investments by dramatically increasing their supply of on-site vans,
cabins/flats/units and villas. As demonstrated in the table below, between 2000
and 2003 the number of on-site vans grew by 21.7%, with cabins/flats/units and
villas increasing by 27.4%. It is important to note that these are the higher
yielding forms of accommodation in caravan parks. The higher yield of such
accommodation can be seen with the growth in takings from accommodation
despite a dectine in capacity. The increase in fixed accommodation was at the
expense of powered and un-powered sites, which declined by 6.1% and 6.7%
respectively.

While not directly applicable to Peregian Beach Caravan Park (given it does not
host permanent residents), combined with this trend towards fixed
accommodation in caravan parks is the decline in long-term guests (-.6%) and
permanently reserved sites (-6.3%). All data suggest a trend in the growth of
higher yielding accommodation product in caravan parks as opposed to the
decline in lower yielding long-term permanently let sites.

 

 

Table 2.7

2000 - 2003 Australian Caravan Parks and Accommodation Trends

2000 2003 % Change
Number of Establishments 4,800 4,825 14

Capacity

On-site Vans 15,563 18,943 217
Other Powered Sites 160,299 150,549 64
Un-powered Sites 44,806 41,843 6.7
Cabins, Flats,Units and Villas 24,236» 30,873 274
Total Capacity 244,905 242,178 Ad
Sites Occupied by Long-Term Guests 39,176 38,941 0.6
Other Sites PermanentlyReserved 45,391 42,549 6.3
Site Nights Occupied 10,896 14,191 27
Site Occupancy Rate (%) 48.4 50.4 44
Takings from Accommodation $160,341,000 $198,556,000 23.8

 

Source: ABS, Tourist Accommodation, Expanded Scope Collection, 2004, Core Economics

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Scanton Property Group — Peregian Beach Needs Assessment * Economics