2022-11-14 GC Agenda - Item 4 - Attachment 2 - Appendix 13 to Attachment 1

NOOSA SHORT STAY ACCOMMODATION ECONOMIC & SOCIAL ASSESSMENT



Table 2.3. Annual Supply, Demand and Revenue for Short Term Rental Dwellings by Location, Year Ended July 2021 vs Year Ended July 2022
 Metric/ Time Period                          Pomona                Noosa Heads               Noosaville           Sunshine Beach           Peregian Beach               Cooroy
 Supply (Nights Available)
 Aug 2020 - Jul 2021                            3,098                   218,199                 109,581                   96,579                  53,710                  4,824
 Aug 2021 - Jul 2022                            4,466                   241,755                 121,461                   93,760                  48,822                  4,633
 Annual % Change                               44.2%                     10.8%                   10.8%                    -2.9%                    -9.1%                  -4.0%
 Demand (Nights Occupied)
 Aug 2020 - Jul 2021                            1,780                   117,696                  59,432                   54,892                  29,899                  2,942
 Aug 2021 - Jul 2022                            2,364                   142,438                  70,694                   52,387                  28,682                  3,173
 Annual % Change                               32.8%                     21.0%                   18.9%                    -4.6%                    -4.1%                   7.9%
 Occupancy Rate (%)
 Aug 2020 - Jul 2021                           57.5%                     53.9%                   54.2%                    56.8%                   55.7%                   61.0%
 Aug 2021 - Jul 2022                           52.9%                     58.9%                   58.2%                    55.9%                   58.7%                   68.5%
 Annual % Change                                -7.9%                     9.2%                    7.3%                    -1.7%                    5.5%                   12.3%
 Revenue (AU$)
 Aug 2020 - Jul 2021                         $269,030                $61,227,579              $22,289,473             $25,606,639               $9,792,671              $616,722
 Aug 2021 - Jul 2022                         $498,511                $82,758,060              $30,827,159             $28,319,033              $11,846,235              $941,415
 Annual % Change                               85.3%                     35.2%                   38.3%                    10.6%                   21.0%                   52.6%
 ADR (AU$)
 Aug 2020 - Jul 2021                          $151.14                   $520.22                 $375.04                  $466.49                 $327.53                 $209.63
 Aug 2021 - Jul 2022                          $210.88                   $581.01                 $436.06                  $540.57                 $413.02                 $296.70
 Annual % Change                               39.5%                     11.7%                   16.3%                    15.9%                   26.1%                   41.5%
 RevPAR (AU$)
 Aug 2020 - Jul 2021                           $86.84                   $280.60                 $203.41                  $265.14                 $182.32                 $127.84
 Aug 2021 - Jul 2022                          $111.62                   $342.32                 $253.80                  $302.04                 $242.64                 $203.20
 Annual % Change                               28.5%                     22.0%                   24.8%                    13.9%                   33.1%                   58.9%
Notes: ADR = Average Daily Rate. RevPAR = Revenue Per Available Room. USD values were converted to AU$ values based on the average exchange rate between August and July for the respective years.
Source: AirDNA data supplied by Noosa Shire Council.




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