Noosa Holiday Parks Update

Nicola Wilson2:20

We do can defer if you'd like. We can wait and move to the next item. Thank you. Thank you, thank you. Item number six, reports for noting by the committee is 6.1, Noosa Holiday Parks update. I believe we have Robyn Mercer online with this report. Robyn. Yes, good afternoon. Thank you.

Could you please give us a summary of the report? Certainly. Good I've afternoon all. Excuse some copying. Coughing. I've come down with the flu that's doing the rounds. This report provides an update on the Noosa Holiday Parks business unit for the period from 1 July 2023 to 30 June 2024. The Noosa Holiday Park Program consists of three camping and caravanning locations at Boreen Point, Noosa North Shore and Noosa River. Overall, the program offers 294 camping and caravanning sites in accessible locations across the region with high quality natural amenity. Overall, the program delivered pleasing results during financial year 23/24. This is reflected in year on revenue growth of 1.8%, visitation growth of 5.6% and an increase in the number of nights sold by 1.35%. These metrics are all able to be viewed within the report. Our forward bookings for the current financial year are strong, sitting at over 2.6 million. We are keenly aware that there may be some business impacts arising from macroeconomic conditions and contracting consumer discretionary spending so we are keeping a close eye on forward bookings. While we have seen revenue visitation and nights sold moving up and to the right over time, a little I will caveat that we may start to see some flattening in coming years as we are realising most of the upside or inventory available in the program. And this is a natural outcome of the growth period over the past three to four years, which has been characterised by investment in capital works, management services, operating systems and facility maintenance, and does indicate that we are ready to transition from a growth phase into an expansion phase. I will note that there is a typing error within section 1 financial performance of the report. The first bullet point should read the revenue of $4.53 million achieved in financial year 2023/24 is an increase of 1.8% from the previous financial year period and the word million should not be there. Thank you very much.

Nicola Wilson12:38

Any further questions? The recommendation here is that Council note the report by the Commercial Business Advisor to the Services & Organisation for the meeting. Dating 6 August 24, providing an update on operations of the Noosa Holiday Parks business activity to 30 June 2024. Thanks for that report, Robyn. Would anyone be willing to move the motion?