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

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to the Sunshine Coast and its economy, increasing the level of short stay
accommodation for the South East Queensland drive market is crucial. Such
increases must not only be in volume. To ensure accommodation diversity,
growth must also occur in the range of product offered so that a loss of holiday
options is not incurred.

The development of budget style accommodation will increase the supply of
affordable short stay accommodation on the Sunshine Coast. The addition of 68
shared and self-contained accommodation units and 30 beach shacks providing
792 bed spaces represents an increase an 8.5% increase in budget-end
accommodation (caravan and hostel type accommodation) and a 1.6% increase
in total accommodation upon the Sunshine Coast overall. The addition of this on-
site accommodation will increase the range of accommodation options available
within the region, with this style of accommodation having particular appeal to
families and budget conscious tourists, an outcome consistent with the Sunshine
Coast Regional Economic Development Strategy. This market, which

_ encompasses a large proportion of intrastate visitors to the Sunshine Coast, has
been declining over recent years, with one contributing factor being the restricted
supply of relevant accommodation.

By having such a narrow band of holiday accommodation options for people
visiting the Sunshine Coast means there are limited experiences and places to
stay. The proposed development will aid in increasing the range of
accommodation options at the lower end of the tourist accommodation market,
helping to make the Sunshine Coast a more appealing destination for the budget
conscious and intrastate families faced with increasing travel costs due to petrol
price rises,

Core
‘Feonomics

Scanlon Property Group — Peregian Beach Needs Assessment