20190122 - BNB Submission 81- Country Comfort Perth

BNB Submission 81 11th January 2019  Ref: Submission for Inquiry into Unregulated Accommodation  Committee,   As below, please find my submission into the impact of the unregulated short‐stay accommodation sector.  INTRODUCTION  Property Description ‐ The hotel operates a 158 room 4 star accommodation hotel and restaurant. The room types include a 88 Deluxe entry rooms b 62 Executive Suites c 8 x 3‐bedroom townhouses (each individually leased from the individual owners) Staff Employed ‐ 40 direct employees with gross payroll turnover $1.78 mil   ‐ Contracted housekeeping contractor employing approx. 15 staff ($750,000)  Trainees / Apprentices ‐ The hotel has one current apprentice, and has around four apprentice chefs qualified over the last ten years  ‐ The hotel has also undertaken school‐based trainees   ‐ Assisted with school based “work – experience”  ‐ Assisted with graduate program “industry placements”  ‐ Assisted with disability inclusion programs in conjunction with Durham Road School and various community  groups.  Associated suppliers ‐ The hotel would support over 100 local contractors and suppliers   THE GROWTH OF THE UNREGULATED SHORT STAY ACCOMMODATION  ‐ ‐ ‐ In conjunction with a continual review of this emerging sector, latest data shows that there are 11,500  Airbnb listings, when in 2016 there were 5,425 listings.  69% of these units are either full homes or apartments.   Assuming that each owner of these Airbnb’s, owns their own accommodation and land tax applies to  these assets, the value of land tax that should be imposed on units operated as a commercial premise  would approximately be ($330 x 69% x 11,500) $2,618,000.   Intercity Belmont Pty Ltd T/as Country Comfort Perth (ABN 77 049 551 014)  249‐263 Great Eastern Highway, Belmont,  WA  6104  PH+61 (8) 94780888   Fax +61 (8) 94780800  E: reservations.intercityperth@snhgroup.com  BNB Submission 81 IMPACT ON HOTEL OCCUPANCY  Over the last four years, the hotel has undertaken several large refurbishments and has calculated occupancy and  ADR for the hotel and townhouses on the units available (less out of order rooms)   Since 2016, the hotel has seen the greatest impact of Airbnb on the townhouse inventory where the market has  been flooded with unregulated competitors.   Since 2016, the hotel has reduced inventory from 11 to 8 townhouses as the market becomes harder for the hotel to  compete. The below tables reflect the change in occupancy over this time between the townhouses and the hotel. It  does not include the revenue losses from the hotel reducing inventory or the change in ADR$ achieved.  The calculation is based on “if the townhouses ran at the same occupancy as the hotel, what would the be the  additional revenues achieved?”   The figure would be approximately $760,000 over the 2016, 2017 and 2018 calendar years. (which excludes  revenues from townhouses that were released when their leases renewals were not extended)   Total Townhouse   Rms Avl  Rms Sold  Total Rev  ADR$  Occ%  2015  3,989  2,428  765,579   $ 315.31   61%  2016  3,938  2,137  652,505   $ 305.34   54%  2017  3,980  2,323  639,054   $ 275.10   58%  2018  3,011  1,782  488,306   $ 274.02   59%  Hotel Operation   Rms Avl  Rms Sold  Total Rev   ADR$  Occ%  2015  50,132  36,387  6,301,213   $ 173.17   73%  2016  54,943  41,445  6,332,439   $ 152.79   75%  2017  54,161  45,258  6,388,904   $ 141.17   84%  2018  52,403  45,641  6,045,775   $ 132.46   87%  Townhouse occupancy cost  compared to hotel  2015  12%  467.3112   $  147,349.12   2016  21%  833.5406   $  254,510.71   2017  25%  1002.767   $  275,859.64   2018  28%  840.4653   $  230,305.42    $  908,024.90   Intercity Belmont Pty Ltd T/as Country Comfort Perth (ABN 77 049 551 014)  249‐263 Great Eastern Highway, Belmont,  WA  6104  PH+61 (8) 94780888   Fax +61 (8) 94780800  E: reservations.intercityperth@snhgroup.com  BNB Submission 81 IMPACT ON THE PERTH ACCOMMODATION SECTOR IN LINE WITH HOTEL GROWTH  2016 – 1,145 new rooms – Capital Cost $693 Million   2017 – 529 rooms – Capital Cost $219 million  2018 – 964 rooms – Capital cost $394.5 million  Total increase over three years 2,638 rooms $1.3065 billion  In review of the figures provided by the AHA, Airbnb has increased from 5,425 listings to 11,500 since 2016. This  represent an increase of 6,075 listings   At the same tame (as per the AHA Intelligence Report), the following increases in hotel accommodation and capital  expenditure was undertaken to ensure the Perth Tourism Accommodation Sector remained competitive nationally  and internationally as a key tourist and commercial destination.  Growth in Airbnb listings represented a 230% increase in listing compared to new hotel inventory. With a large  majority of Airbnb clients staying for leisure rather than corporate business, there has been a evident decrease in  ADR$ achieved over the typical leisure nights of Friday & Saturday in particular.  In TAA members bulletin 10 January 2019, Visitor numbers for hotels, motels & resorts increased 8.52% YE  September 2018, where Airbnb type rentals increased by 16.64% nationally. This shows that the unregulated  market is increasing at double the rate of the traditional regulated accommodation market.  NEGATIVE IMPACTS of AIRBNB   As stated in the Deloitte Report 2016, Economic Effects of Airbnb in Australia (Airbnb Australia 2017). Whilst it  highlighted alleged benefits to Tourism within in Australia, the report did not address the Industry’s key concerns  with the operation of Airbnb as stated.   Issues, including   a b c d e Anti‐Social behaviour Building wear & tear Degrading of amenities and capital values Drivers of cost differential between hotel and Airbnb listings The regulation difference between hotel and Airbnb listings With a simplistic view of the economics effects of Airbnb on Australia, the report is severely flawed in the fact that it  has not provided any economic cost derived from the expansion in Airbnb within Australia  ‐ ‐ ‐ Correct Taxation on revenues derived from Airbnb  Avoidance of commercial taxation consideration for residences that are used as a commercial enterprise  rather than a domestic dwelling   Social impact and costs associated with Airbnb on surrounding units / dwellings  Intercity Belmont Pty Ltd T/as Country Comfort Perth (ABN 77 049 551 014)  249‐263 Great Eastern Highway, Belmont,  WA  6104  PH+61 (8) 94780888   Fax +61 (8) 94780800  E: reservations.intercityperth@snhgroup.com  BNB Submission 81 Intercity Belmont Pty Ltd T/as Country Comfort Perth (ABN 77 049 551 014)  249‐263 Great Eastern Highway, Belmont,  WA  6104  PH+61 (8) 94780888   Fax +61 (8) 94780800  E: reservations.intercityperth@snhgroup.com  BNB Submission 81 Supply / Demand Growth Considerations   Airbnb – increase in units since 2016 at 69% for full dwellings represents an increase of an additional 1,529,988  unregulated room nights available per year in WA.  New hotel rooms since 2016 – 2,638 – represents an increase of 962,870 room nights  Combined, available hotel rooms and full dwellings have increased by 2,492,858 available room nights over the last 3  years.   In 2017, Perth Airport recorded 13.7 million passengers – a Decrease of 0.9%.  With supply growth far outpacing demand growth, the industry is requesting greater regulation to protect the long‐ term viability and employment surrounding the Western Australian regulated accommodation sector   Intercity Belmont Pty Ltd T/as Country Comfort Perth (ABN 77 049 551 014)  249‐263 Great Eastern Highway, Belmont,  WA  6104  PH+61 (8) 94780888   Fax +61 (8) 94780800  E: reservations.intercityperth@snhgroup.com  BNB Submission 81 Intercity Belmont Pty Ltd T/as Country Comfort Perth (ABN 77 049 551 014)  249‐263 Great Eastern Highway, Belmont,  WA  6104  PH+61 (8) 94780888   Fax +61 (8) 94780800  E: reservations.intercityperth@snhgroup.com  BNB Submission 81 Review of the Bankwest Curtain Economic Centre Impact of AirBnb in Western Australia (Apr 2017)  In April 2017, the report was published identifying many key areas of concern raised by the tourism, financial and  social impacts derived by Airbnb. Two of the keys concluding remarks in relation to regulation and stakeholder  concerns are added below for further consideration under the adoption of policy to regulate the short term letting  market.  Concluding remarks on the multiple case study analysis Overall, the analysis indicates that most of the case study cities try to deal with Airbnb in terms of existing regulations in the fields of tourism and the rental property market While these regulative and legislative frameworks might need to be adapted, it is rather rare that cities consider the sharing economy or Airbnb specifically as phenomena in their own right Most of the cities that have been reviewed for this report seem to adopt a middle ground in terms of restrictiveness by trying to avoid a complete prohibition of the phenomenon on the one hand and limiting potentially adverse effects and unfair competition on the other This is often done by defining a clear line between private and commercial realms of operation This line is usually drawn by referring to caps on maximum time of short‐term rental per year, maximum prices and to the maximum number of sublet short‐term units per owner In more and more instances, Airbnb has agreed to automatically ban properties from their platform that do not obey to a city’s imposed limits Cities that take a more restrictive approach limit permission to the type of properties, to licenced providers and/or to owners in residence (partly requiring their physical co‐presence) Intercity Belmont Pty Ltd T/as Country Comfort Perth (ABN 77 049 551 014)  249‐263 Great Eastern Highway, Belmont,  WA  6104  PH+61 (8) 94780888   Fax +61 (8) 94780800  E: reservations.intercityperth@snhgroup.com  BNB Submission 81 Concluding remarks on the analysis of stakeholder perceptions Overall, stakeholders who participated in this study had a mixed attitude towards Airbnb, which was seen as adding a competitive element to the current market place that potentially could open up additional opportunities for tourism in WA but might also constitute a threat to the conventional accommodation sector They recognized that the sharing economy and here in particular sharing platforms such as Uber and Airbnb were indeed contested issues for WA’s tourism sector that required close monitoring and governance in the future: Proponents and opponents agreed that there was currently a lack of reliable information to assess the extent and impact of Airbnb on WA’s tourism sector and wider economy and uniformly called for more robust and accessible data as well as decisive leadership in governing the sharing economy Summary   The hotel supported the collection of data that was provided to Bankwest Curtain Economic Centre for the generation  of the report that was published in April 2017. At that time, there has been no “Decisive leadership in governing the  share economy”. Now in 2018, the has been no policy or further regulation adopted to stem the unregulated share  accommodation sector. With listings now estimated at around 13,000, this has continued to place additional pressures  on the existing traditional hotel sector and further highlights the detrimental economic impact that this unregulated  competitor has had & will continue to have on the market.  Requested Actions  All politicians, policy advisors and associated proponents that have a vested interest in Airbnb should declare this interest and be removed from the regulation processes required for the short‐term letting industry WA Government should adopt a middle ground approach to the short stay economy ensuring that the correct collection of GST, property tax, income Tax and relevant insurances are aligned with the regulated tourism industry. This can be achieved by the requirement to register all premises that are to be rented on any short‐ term letting platforms That relevant review of all statutory fire, safety, parking and building compliance are adopted Significant penalties be adopted to discourage the continuation of unregulated short term letting Further  review  of  both  the  WA  Strata  Titles  Act  1985  be  adopted  to  protect  the  interests  and  “quiet enjoyment” of residents who believe they have purchased into a long‐term letting environment Regards  Peter Neville   General Manager  Intercity Belmont Pty Ltd T/as Country Comfort Perth (ABN 77 049 551 014)  249‐263 Great Eastern Highway, Belmont,  WA  6104  PH+61 (8) 94780888   Fax +61 (8) 94780800  E: reservations.intercityperth@snhgroup.com  BNB Submission 81   References   Bankwest Curtain Economic Centre Impact of AirBnb in Western Australia (Apr 2017)  www.bcecreports.edu.au/airbnb/index.html    Perth Industry Update February 2018    Country Comfort Occupancy Townhouse Vrs Hotel Calculations    Attached   TAA Members Bulletin – 10 January 2019    AHA Accommodation Development Intelligence Report – January 2019            Intercity Belmont Pty Ltd T/as Country Comfort Perth (ABN 77 049 551 014)  249‐263 Great Eastern Highway, Belmont,  WA  6104  PH+61 (8) 94780888   Fax +61 (8) 94780800  E: reservations.intercityperth@snhgroup.com  BNB Submission 81 MEMBER BULLETIN 10 January 2019 INTERNATIONAL TOURISM REPORT: OVERVIEW OF ACCOMMODATION PERFORMANCE Key markets and trends 1.1 Overview International Visitors International Visitor Nights International Visitor Expenditure Average International Visitor Expenditure 8,445,234 270,576,740 $43.158 billion $5,110 ↑5.73% ↑1.11% ↑4.78% ↓0.90% International visitors to Australia numbered 8.4 million in the year ending September 2018, a 5.73% increase on the previous year They spent $43.16 billion, an increase of 4.58% Visitor nights increased slightly by 1.11% to reach 270 million Regarding visitors, a number of countries demonstrated growth including India, Hong Kong, China, and Japan While visitor nights were once again topped by China with 57 million, an increase of 7.56%, there was significant growth in Indian visitor nights (up 21.13%) Regarding traditional markets, the story was different, with visitors nights falling for the USA (down 12.61%), New Zealand (down 6.97%), and the UK (down 6.99%) Singapore visitor nights also fell (down 11.36%) There was growth in smaller capital cities for visitor nights in hotels, motels, and resorts Hobart was up 20.93%, Darwin 25.52%, and less significant growth was recorded in Brisbane with a 3.5% increase and Canberra with a 2.92% increase All other capital cities showed a decrease with Adelaide experiencing the biggest decrease (- 12.75%) In regional locations, there was significant growth in visitor nights in hotels, motels, and resorts for NSW (up 13.8%), Victoria (13.06%), and Tasmania (12.72%) Overall, international visitor nights in hotels, motels, and resorts remained steady at 0.19% However, across all accommodation categories there was a decrease of 6.43% International visitor nights in ‘Rented plus Other Private’ has grown 65% since 2009 This is in comparison to growth over the same period for ‘Hotels, Motels, and Resorts’ of 35.3% For the reasons explained on page 6, data relating to ‘purpose of visit’ has been excluded from this IVS release The quality of the survey data has not been affected BNB Submission 81 MEMBER BULLETIN International Visitor Trends 2.1 Key Market Synopsis Key Market Synopsis China New Zealand United States of America United Kingdom Japan Singapore Malaysia India Korea Hong Kong Annual Growth 1,315,596 1,255,848 Annual Growth 7.63% 2.55% Visitor Nights 57,579,358 12,816,819 7.56% -6.97% Average Expenditure per Night (AUD) 200 200 735,592 69,855 418,949 381,627 357,558 324,336 277,897 276,294 3.31% 3.26% 5.92% -0.59% 0.48% 19.62% 2.73% 10.75% 13,029,349 22,476,266 10,504,909 5,611,890 8,869,436 18,795,557 11,037,113 6,904,156 -12.61% -6.99% -1.81% -11.36% 2.72% 21.13% 3.20% -7.96% 280 155 174 256 151 85 147 188 Visitors 2.2 International Visitor Nights by State Rank State Total NSW VIC QLD WA SA ACT TAS NT AUS Year Ending Sept 2017 94,937,879 66,860,352 53,596,311 27,329,854 10,874,500 5,132,936 4,486,083 3,796,194 26,760,512 Year Ending Sept 2018 95,538,968 70,210,219 54,483,600 25,874,034 10,174,039 5,203,669 5,018,141 3,567,499 27,057,674 Change (%) 0.6 5.0 1.7 -5.3 -6.4 1.4 11.9 -6.0 1.1 % of all Visitors Nights 35.3 25.9 20.1 9.6 3.8 1.9 1.9 1.3 100.0 BNB Submission 81 MEMBER BULLETIN Accommodation Performance - Capital Cities (plus GC) 3.1 Capital Cities, International Visitor Nights Spent in Hotels, Motels and Resorts Rank Regional Sydney Melbourne Gold Coast Brisbane Perth Adelaide Hobart Darwin Canberra Capital Cities incl Gold Coast Total Year Ending Sept 2017 8,770,904 6,157,248 2,250,876 2,039,895 1,602,722 1,002,660 400,958 320,579 298,626 Year Ending Sept 2018 8,639,033 6,039,649 2,151,812 2,111,251 1,591,778 874,846 484,871 402,386 307,353 22,844,468 22,602,978 Change -1.50% -1.91% -4.40% 3.50% -0.68% -12.75% 20.93% 25.52% 2.92% -1.06% 3.2 Capital Cities, International Visitor Nights Across All Accommodation Categories Rank Regional Sydney Melbourne Brisbane Perth Gold Coast Adelaide Canberra Hobart Darwin Capital Cities incl Gold Coast Total Year Ending Sept 2017 79,668,290 58,699,654 26,262,170 21,907,573 9,229,488 8,844,963 5,132,936 2,568,825 2,256,200 Year Ending Sept 2018 80,994,353 62,294,412 28,365,255 20,753,443 9,565,463 8,372,726 5,203,669 3,415,324 1,985,920 1.66% 6.12% 8.01% -5.27% 3.64% -5.34% 1.38% 32.95% -11.98% 214,570,098 220,950,566 2.97% Change BNB Submission 81 MEMBER BULLETIN Accommodation Performance - Regional 4.1 Regional Locations, International Visitor Nights Spent in Hotels, Motels and Resorts Rank Regional Total QLD NSW VIC WA NT TAS SA Regional Year Ending Sept 2017 3,402,192 935,807 605,613 481,129 486,899 251,966 232,522 6,396,128 Year Ending Sept 2018 3,236,433 1,064,931 684,701 477,539 471,636 284,025 188,794 6,408,059 Change -4.87% 13.80% 13.06% -0.75% -3.13% 12.72% -18.81% 0.19% Over the past ten years, annual growth in HMSA visitor nights in regional SA has regularly fluctuated in a range of -30% to +30% 4.2 Regional Locations, International Visitor Nights Across All Accommodation Categories Rank Regional Total QLD NSW VIC WA SA TAS NT Regional Year Ending Sept 2017 18,104,653 15,269,589 8,160,698 5,422,281 2,029,537 1,917,258 1,539,994 53,035,022 Year Ending Sept 2018 16,552,881 14,544,616 7,915,807 5,120,591 1,801,313 1,602,817 1,581,579 49,626,174 Change -8.57% -4.75% -3.00% -5.56% -11.25% -16.40% 2.70% -6.43% BNB Submission 81 MEMBER BULLETIN Unregulated Accommodation Tourism Research Australia has advised TAA that unregulated accommodation (i.e Airbnb-type rentals) is presently recorded in two categories: ‘Rented house/apartment/flat or unit’ and ‘Other Private Accommodation.’ Accordingly, these two categories have been combined below and labelled ‘Rented plus Other Private’ 5.1 International Visitor Nights by Accommodation Category 140,000,000 120,000,000 100,000,000 80,000,000 60,000,000 40,000,000 20,000,000 Hotel/resort/motel or motor Inn Guest house or Bed & Breakfast Rented plus Other Private Caravan park or commercial camping ground Backpacker or hostel Own property Friends or relatives property BNB Submission 81 MEMBER BULLETIN Notes Serviced apartments are included in the Hotels/Motels/Resorts data category These IVS results for the September quarter 2018 are preliminary and not include any data relating to purpose of visit This is because the quality of the main purpose of visit component of the passenger data supplied to TRA by the Department of Home Affairs has been identified as a concern There are no issues with the survey collection To produce a purpose of visitor measure for the IVS, TRA uses data collected from the incoming passenger cards of international visitors to Australia Work is currently in progress to resolve these issues and it is likely that a back cast of TRA data will be required TRA will release revised estimates once a solution has been implemented The POV (Purpose of Visit) data is being revised TAA have been advised by Tourism Research Australia that POV data should be available for the CY publication, in March, subject to Minister approval More Information The data in this Member Bulletin is from Tourism Research Australia’s International Visitors In Australia: September 2018 Quarterly Results Of The International Visitor Survey It can be accessed at https://www.tra.gov.au/research/latest-ivs-report.html If you have questions about the information provided in this overview, or would like further information, please email: taa@tourismaccommodation.com.au BNB Submission 81 AHA Accommodation Development Intelligence Report Perth Metropolitan Region January 2019 In 2012 the Western Australian Government released the “State Government Strategy for Tourism in Western Australia 2020.” This Strategy set out the direction for the Western Australian tourism industry over the next decade Within the 2020 strategy it included modelling commissioned by Tourism WA which forecast that Perth would need an additional 1,900 hotel rooms by 2020 to keep occupancy at viable and sustainable levels The WA 2020 Strategy identifies how Government can work with industry to make the most of the growth in travel and international markets, as well as encourage further development and diversification in the regions The Strategy set a stretch target of the value of tourism in Western Australia to double from $6 billion a year in 2010 to $12 billion a year by 2020 The Data compiled in this intelligence report has tracked rooms opened since 2012 and those under construction or consideration The information is derived directly from local government, building and planning applications, direct sources, state development approval panels and trade media New openings  3322 new rooms in 31 hotels/serviced apartments have opened since 2012 Committed / Under Construction  3433 rooms in 18 hotels/serviced apartments are significantly committed or under construction refers to projects that have received final development approvals and or the WA Government is actively involved in the project Under Consideration  4997 rooms in 39 hotels/serviced apartments are proposed for development, have lodged development applications, or are in the early stages of planning Redevelopment  835 existing rooms in hotels have been redeveloped, with a further 117 committed Expressions of Interest  expressions of interest in the market for hotels / serviced apartments Closed Properties  properties have closed in 2018 – The Richardson and The Terrace Hotel 89 rooms have been removed from the market BNB Submission 81 NEW OPENINGS SINCE 2012 PROJECT CITY NEW ROOMS STAGE OF DEVELOPMENT YEAR Terrace Hotel 237 St Georges Terrace Perth 15 Complete 2012 Fraser Suites Apartments Queens Precinct Causeway East Perth 236 $450 M Stage1&2 Frasers Property Australia Complete 2012 Hougoumont Hotel – Stage 7-15 Bannister Street Fremantle 40 $- Redrock Consolidated P/L Complete 2014 Bailey’s Serviced Apartments 63 Bennett Street East Perth 25 $6 M Bailey’s Hotel Motel Complete 2014 The Nest on Newcastle 172 Newcastle St Northbridge 20 $1.5 M Casella Nominees Old Crow Complete 2015 Alex Hotel 214 William Street Northbridge 74 $12 M Cicero Management Pty Ltd Complete 2015 Belmont 62 $8 M Intercity Belmont Pty Ltd Complete Expansion 2015 Quest Rockingham* 22 Flinders Lane Rockingham 96 $22 M Aligned Funds Complete 2015 City Lights 137 Newcastle Street Northbridge 46 $10 M Heyspring Land Pty Ltd Complete 2015 Como The Treasury 28 Barrack Street Perth 48 $208 M FJM Property Complete Oct 2015 Attika Hotel* 279 Newcastle Street Northbridge 22 $4 M Skycap Pty Ltd Complete Dec 2015 Perth $25 M IHG Group Complete Redevelopment 2016 East Fremantle 24 $ Complete 2016 Perth 120 $25 M WEJ Developments WA Pty Ltd Complete 2016 Quest West Perth* 54 Kings Park Road West Perth 72 $9 M Woomara Pty Ltd Complete Feb 2016 Sage Hotel West Perth 1309-1311 Hay Street West Perth 101 $14 M Australian Development Capital Pty Ltd Complete May 2016 Quest Mounts Bay Road* 130 Mounts Bay Road West Perth 71 $8 M Quest Diploma Complete July 2016 Quest East Perth* 176 Adelaide Terrace East Perth 130 $14.5 M Sirona Capital Complete Aug 2016 Crown Towers Great Eastern Highway Burswood 500 $568 M Crown Ltd Complete Dec 2016 Country Comfort InterCity Hotel & Apartments – 249 Great Eastern Highway Holiday Inn Perth City Centre 778 – 788 Hay Street Seashells Fremantle* Silas St Peppers Kings Square 623 Wellington Street EST COST DEVELOPER BNB Submission 81 CITY NEW ROOMS EST COST DEVELOPER STAGE OF DEVELOPMENT YEAR Quest Fremantle* Pakenham Street Fremantle 122 $30 M Fairgreen Pty Ltd Sirona Capital Complete Dec 2016 Tribe Perth Walker Avenue West Perth 126 $30 M Four Walker Avenue Pty Ltd Complete May 2017 Be Fremantle 43 Mews Rd Fremantle 24 $10M Sirona Capital Complete Expansion May 2017 Aloft Perth 23-27 Rowe Avenue Rivervale 224 $70 M BGC Construction Complete May 2017 Ramada VetroBlu* 48 Filburn St Scarborough Stirling 75 $50 M Vetroblu Complete Aug 2017 Quest Innaloo* 222 Stirling Cross Innaloo 80 $59 M Probuild / Fabray Pty Ltd Complete Oct 2017 Melbourne Hotel 942-950 Hay & 33 Milligan Streets Perth 40 $40 M Oakesfield Pty Ltd, Busby Nominees Pty Ltd Complete April 2018 Westin Perth FESA Building, 480 Hay Street Perth 368 $250 M BGC Construction with State Government Complete April 2018 Midland 102 $11 M Fini Group / Precast Investments Pty Ltd Complete May 2018 West Perth 64 $42 M Complete July 2018 QT Hotel Perth 133 – 141 Murray Street Perth 184 $21.5 M Amalgamated Holdings Limited / Gutace Holdings Pty Ltd Complete August 2018 DoubleTree by Hilton, AmanSari Northbridge 98-100 James Street Northbridge 206 $30 M Hilton Worldwide & SKS Group Complete Jan 2019 PROJECT Quest Midland* The Crescent The Sebel West Perth Aire Apartments* 647-657 Murray Street Finbar Group Ltd ZACD Group (Singapore) / COMMITTED / UNDER CONSTRUCTION PROJECT Campus Perth 80 Stirling Street CITY ROOMS EST COST DEVELOPER / OWNER STAGE OF DEVELOPMENT YEAR Perth 77 $55 M The Trust Company (RE Services) Ltd Under Construction Early 2019 Hostel G 80 Stirling Street The New Esplanade 18 The Esplanade Ritz-Carlton Hotel Elizabeth Quay Foreshore EQ West Lot & 3, William Street, Elizabeth Quay Early 2019 318 Perth 80 $-M H&M Capital Pty Ltd Under construction April 2019 Perth 204 $350 M Far East Consortium Under Construction Mid 2019 Perth 190 $500 M CA & Associates (AAIG and Fini Group) Committed 2019 BNB Submission 81 PROJECT CITY ROOMS EST COST DEVELOPER / OWNER STAGE OF DEVELOPMENT YEAR Perth 229 $142 M Hilton Worldwide & SKS Group Under Construction 2019 South Perth 90 $25 M Silverleaf Investments Under Construction 2019 Royal Hotel 289-316 Murray Street Perth 176 $- The Trust Company (Australia) Ltd Under Construction Late 2019 NV Apartments and Hotel 374-396 Murray Street Perth 488 $200 M Fragrance WA – Perth (Sing) Under Construction Late 2019 Subiaco 168 $95 M Dradgin Pty Ltd Under Construction – on hold pending new developer Late 2019 Joondalup 50 $14 M Roman Catholic Archbishop of Perth Under Construction Oct 2019 Perth 250 $48 M George Atzemis Under Construction Q4 2019 East Perth 252 $22 M Rehawk Property Group Committed DAP approved May 2016 2019 Far East Consortium with MRA Committed Construction to commence August 2019 2020 AusCapital Committed 2021 DoubleTree by Hilton Waterfront 351 Riverside Drive Quest on Mends St, Perth 34 Mends St, South Perth Park Regis by Staywell 500 Hay Street Quest Apartments Joondalup * Lot 538 (85) Boas Avenue Mantra Hay Street Hotel 900 Hay Street Ibis Styles Hotel 69 Adelaide Terrace Dorsett Hotel Perth City Link Milligan Street 1/2 Perth 263 The Leadlight Hotel 151-165 Beaufort Street Northbridge 126 Hampton Inn by Hilton 28 Signal Terrace Cockburn Central 146 $40 M SKS Cockburn Central Pty Ltd Committed 2020 Rivervale 120 $40 M Lux WA Pty Ltd Committed DAP extended approval 2020 Wyndham LUX Hotel 61 Great Eastern Highway $158 M - REDEVELOPMENTS PROJECT CITY ROOMS EST COST DEVELOPER STAGE OF DEVELOPMENT YEAR Holiday Inn Perth City Centre 778 – 788 Hay Street Perth 181 $12 M IHG Group Complete 2016 Perth 240 $35 M UNIR Hotels Pty Ltd Complete (Reduced from 246 rooms) Oct 2017 Melbourne Hotel 942-950 Hay & 33 Milligan Streets Perth 33 $40 M Oakesfield Pty Ltd, Busby Nominees Pty Ltd Complete April 2018 Ingot Hotel Perth 264 & 266 Great Eastern Highway (corner Epsom Ave)* Ascot 214 $50 M Jeffees Nominees Pty Ltd Complete Dec 2018 Perth 117 $7.5 M Christou Design Group Pty Ltd Committed IHG Intercontinental Colonnade Lot 18, 815-823 Hay Street Rydges Hotel *Kings Hotel Redevelopment 517-533 Hay Street BNB Submission 81 CITY ROOMS EST COST DEVELOPER STAGE OF DEVELOPMENT West Perth 50 $14 M The Murray Hotel Pty Ltd Under Consideration PROJECT CITY ROOMS REASON YEAR OPENED YEAR CLOSED The Terrace Hotel 237 St Georges Street Perth 15 Financial / economy Reopen 2012 following extensive renovations July 2018 West Perth 74 Converting to an aged care facility 2006 2018 PROJECT The Murray Hotel 718 Murray Street YEAR CLOSED Richardson Hotel 32 Richardson St UNDER CONSIDERATION PROJECT CITY ROOMS EST COST DEVELOPER STAGE OF DEVELOPMENT Capital Square (former Emu Brewery Site) 98 Mounts Bay Road West Perth 120 $350 M AAIG Pty Ltd Under construction Phase complete 2017 DAP approved March 2015 Iconic Scarborough Cnr Scarborough Beach Roast and West Coast Highway Scarborough 119 $450 M Oceans’ Construction to commence Jan 2019 78-80 Bennett Street East Perth East Perth 16 $ 8.5M Rowe Group / SZ Property Pty Ltd DAP approval granted May 2017 Courtyard by Marriott 609 Wellington Street Perth 332 $47 M Roxy Pacific Holdings / ACH Perth Pty Ltd DAP approval granted June 2016 Amara 190 Adelaide Terrace IHG “Holiday Inn” Express 257 Adelaide Terrace Breakfree (Mantra) 195 Hay Street Lots 619 & 620 (155 & 157) Great Eastern Highway DoubleTree by Hilton Point St & 64-86 Adelaide St East Perth 326 $280 M Loxalot Pty Ltd DAP approval granted Feb 2014 Development to be substantially underway by Aug 2017 Perth 224 $35 M Hotel Development / Sunfire Asset Pty Ltd DAP approval granted May 2013 East Perth 132 $16 M Pharma Global Australia Pty Ltd DAP approved Dec 2016 Belmont 187 Pinnacle Planning DAP approval Jan 2017 Hilton Worldwide & SKS Group DAP approved Jan 2014 Extension on development commencement until Oct 2019 Fremantle 151 - $70 M YEAR BNB Submission 81 PROJECT CITY ROOMS EST COST DEVELOPER STAGE OF DEVELOPMENT Capital Square (former Emu Brewery Site) 98 Mounts Bay Road West Perth 120 $350 M AAIG Pty Ltd Under construction Phase complete 2017 DAP approved March 2015 Iconic Scarborough Cnr Scarborough Beach Roast and West Coast Highway Scarborough 119 $450 M Oceans’ Construction to commence Jan 2019 Adelaide Street Hotel 52 Adelaide Street Fremantle 151 $18 M Spotlight Stores – Glenwaye Pty Ltd DAP approved Dec 2016 Nos 31-41 (Lot 2073) and No 45 (Lot 535) Henderson Street, Fremantle Fremantle 62 $10M Silverleaf Investments DAP approved June 2018 $100 M Global Premium Hotels (Sing) DAP approved Dec 2016, amendments March 2018 Development to be substantially underway by Dec 2019 $42 M CP Landmark Pty Ltd DAP approved March 2016 Little Fish Weston Street Pty Ltd DAP approved June 2016 36 St Georges Terrace & 10-14 Pier Street Perth 545 485 hotel rooms | 60 serviced apartments 90-96 Beaufort Street Perth 270 Lot (286) Hay Street East Perth 180 Fragrance Group Hotel 39-41, 47-55 Milligan & 469-471 Murray Streets Perth 406 DAP approved June Folley Pty Ltd, Anthony 2016 Partial $180 M Constantine, Pasco demolition approved Nominees Pty Ltd, Aug 2018 220-224 Pier Street Perth 150 $145 M Yuanlong (Aust) Investment Group DAP approved Feb 2015 No 26 (Lot 440) Parry Street Fremantle 19 $7.7 M Mft Investments (WA) Pty Ltd DAP approved June 2018 Adina Apartment Hotel 28 Cantonment Street Fremantle 141 $15 M Silverleaf Investments DAP Approved September 2018 Bentley 98 $45 M Curtin University DAP Approved Dec 2018 Burt Street and 51F Monmouth Street * Mount Lawley $2.6 M Angela and Francesco Cardaci DAP Approved Dec 2018 Lots 2-20, 70-72 Mill Point Road * South Perth 16 $90 M Edge Holdings No Pty Ltd Denied DAP June 2018 Appealing decision Lots 29-31, 50-52 Melville Parade * South Perth 15 $85 M NL Homes Melville Pty Ltd Lots 1060 (20) and 1061 (22) Kintail Road * Applecross 91 $39 M 22 Kintail Road Pty Ltd Denied DAP July 2018 Como 21 $9 M Clydesdale 47 Pty Ltd DAP Approved September 2018 Fremantle 48 $6 M Redrock Consolidated P/L On hold Lot 1884 (No.208) Kent Street, Bentley *38 Self contained apartments, 60 hotel rooms 47 Clydesdale Street *To be used for short stay temporary accommodation Hougoumont Hotel – Stage 7-15 Bannister Street YEAR BNB Submission 81 PROJECT CITY ROOMS EST COST DEVELOPER STAGE OF DEVELOPMENT Capital Square (former Emu Brewery Site) 98 Mounts Bay Road West Perth 120 $350 M AAIG Pty Ltd Under construction Phase complete 2017 DAP approved March 2015 Iconic Scarborough Cnr Scarborough Beach Roast and West Coast Highway Scarborough 119 $450 M Oceans’ Construction to commence Jan 2019 Rydges Hotel Kings Hotel, 517-533 Hay Street Perth 57 $7.5 M Christou Design Group Pty Ltd On hold Stockade Buildings 145-151 Barrack Street Perth 77 $15 M Mrs L Kakulas Demolition Approved Lot Toll Place Albany 108 $17.2 M Foreshore Investments Albany Pty Ltd DAP Jan 2019 783-789 Wellington St Perth 216 $14.3 M Wellington St Pty Ltd Under Consideration 30 Beaufort Street Perth 140 $488 M Northbridge Centre Custodian Services Pty Ltd Under Consideration East Perth 18 $4 M RCH Property Investments Pty Ltd Under Consideration Carlton Hotel 248-260 Hay Street Perth 82 $5 M Ablebay Holdings Under Consideration Quincy Boutique Hotel 281-289 Hay Street Perth 56 $6 M Australia Pacific Hotels (Sing) Under Consideration East Perth 85 $13.8 M Archiapps Pty Ltd Under Consideration Highgate 138 $45 M Rothchester Pty Ltd Under Consideration Northbridge Centre* Cnr James & Stirling Street Northbridge 88 $300 M ICD Property / EG Funds Under Consideration Parker Street Hotel* Parker Street Northbridge 144 - Metro Hotel Perth 61 Canning Highway South Perth 53 $14 M Lot 5, South Terrace Fremantle 13 182 Hay Street 180 (Lot 2) Bennett Street Billabong Backpackers Resort 381 Beaufort Street - YEAR 2018 Megaland Developments Under Consideration Metro Hotel (Extension) Under Consideration Roger McKimm Under Consideration * Denotes Serviced Apartment Developments   DAP – Development Assessment Panel  Data  compiled  in  this  intelligence  report  is  derived  directly  from  local  government,  building  and  planning  applications,  direct  sources,  state development approval panels and trade media. This report is based upon the best available information.  Information in this report  should not be relied upon and has been produced as a guide only. It is not intended to be comprehensive nor should it be relied upon as a  substitute for legal or financial advice. The Australian Hotels Association (WA) expressly disclaims liability for any act or omission done in  reliance of the information contained or for any consequences, whether direct or indirect, of any such act or omission.  BNB Submission 81 Dec‐14 Jan‐15 Feb‐15 Mar‐15 Apr‐15 May‐15 Jun‐15 Jul‐15 Aug‐15 Sep‐15 Oct‐15 Nov‐15 Dec‐15 Jan‐16 Feb‐16 Mar‐16 Apr‐16 May‐16 Jun‐16 Jul‐16 Aug‐16 Sep‐16 Oct‐16 Nov‐16 Dec‐16 Jan‐17 Feb‐17 Mar‐17 Apr‐17 May‐17 Jun‐17 Jul‐17 Aug‐17 Sep‐17 Oct‐17 Nov‐17 Dec‐17 Jan‐18 Feb‐18 Mar‐18 Apr‐18 May‐18 Jun‐18 Jul‐18 Aug‐18 Sep‐18 Oct‐18 Nov‐18 Dec‐18 Hotel Rms Avl  Rms Sold  Total Rev  3,069 2,217 $    406,141.00 3,069 2,277 $    413,953.00 2,716 2,436 $    450,057.00 4,061 3,250 $    594,042.00 4,830 3,364 $    624,759.00 4,991 3,544 $    655,844.00 4,830 3,199 $    588,261.00 4,830 3,199 $    588,261.00 4,991 3,477 $    608,802.00 4,991 3,596 $    652,851.00 4,991 3,288 $    596,979.00 4,830 4,066 $    751,900.00 4,991 3,119 $    541,083.00 4,991 2,952 $    505,462.00 4,624 3,324 $    586,316.00 4,991 3,491 $    599,122.00 4,830 3,193 $    539,058.00 4,991 3,573 $    565,658.00 4,830 3,554 $    577,641.00 4,991 3,302 $    505,269.00 4,991 3,400 $    531,896.00 4,830 4,134 $    654,436.00 4,991 4,415 $    679,377.00 4,830 4,414 $    698,282.00 4,991 3,830 $    542,427.00 4,991 3,996 $    544,252.00 4,508 3,818 $    573,026.00 4,991 3,915 $    593,780.00 4,830 3,381 $    519,454.00 4,991 3,920 $    599,031.00 4,830 4,002 $    607,872.00 4,991 4,029 $    586,151.00 4,879 4,145 $    610,243.00 4,725 4,044 $    589,421.00 4,806 4,145 $    600,628.00 4,703 4,087 $    619,502.00 4,896 4,099 $    584,598.00 4,879 3,851 $    545,055.00 4,404 3,891 $    563,683.00 4,891 4,246 $    598,496.00 4,442 3,493 $    471,581.00 4,135 3,487 $    506,252.00 4,233 3,477 $    487,001.00 4,511 3,878 $    531,135.00 4,788 4,187 $    565,119.00 4,668 4,170 $    556,579.00 4,881 4,265 $    570,083.00 4,713 4,350 $    598,898.00 $    540,199.00 4,869 4,128 TKQ2S TK4S % Rms Avl Rms Sold Total Rev  Rms Avl Rms Sold Total Rev  Rms Avl Rms Sold 72% 144 82 $   22,228.00 120 41 $   13,055.00 264 123 74% 186 120 $   35,201.00 155 104 $   32,489.00 341 224 90% 168 116 $   38,478.00 140 94 $   30,346.00 308 210 80% 186 104 $   33,678.00 155 71 $   24,057.00 341 175 70% 180 113 $   36,218.00 150 100 $   34,723.00 330 213 71% 186 122 $   39,155.00 145 83 $   27,756.00 331 205 66% 180 104 $   30,285.00 145 61 $   18,168.00 325 165 66% 186 119 $   33,595.00 155 96 $   30,423.00 341 215 70% 180 96 $   30,255.00 155 77 $   24,967.00 335 173 72% 180 120 $   36,040.00 145 76 $   23,472.00 325 196 66% 186 133 $   42,348.00 155 90 $   28,200.00 341 223 84% 180 140 $   43,082.00 150 105 $   34,756.00 330 245 62% 186 110 $   34,646.00 155 74 $   23,241.00 341 184 59% 186 116 $   37,304.00 155 90 $   29,149.00 341 206 72% 174 65 $   21,413.00 140 64 $   22,319.00 314 129 70% 186 107 $   34,873.00 145 58 $   19,530.00 331 165 66% 180 92 $   27,370.00 145 82 $   22,267.00 325 174 72% 186 103 $   31,113.00 140 39 $   12,242.00 326 142 74% 180 106 $   32,388.00 150 68 $   20,076.00 330 174 66% 186 109 $   30,557.00 140 43 $   12,037.00 326 152 68% 168 72 $   21,640.00 135 43 $   13,272.00 303 115 86% 180 138 $   44,917.00 150 100 $   31,769.00 330 238 88% 186 130 $   39,340.00 155 95 $   27,814.00 341 225 91% 180 139 $   40,170.00 150 94 $   26,467.00 330 233 77% 186 118 $   35,096.00 155 66 $   19,382.00 341 184 80% 186 140 $   39,555.00 155 103 $   27,828.00 341 243 85% 168 117 $   32,439.00 140 74 $   21,414.00 308 191 78% 186 143 $   38,067.00 155 104 $   26,657.00 341 247 70% 180 128 $   35,858.00 150 108 $   28,166.00 330 236 79% 186 115 $   31,597.00 155 66 $   18,296.00 341 181 83% 180 134 $   37,876.00 140 102 $   30,280.00 320 236 81% 186 91 $   22,262.00 155 65 $   17,529.00 341 156 85% 186 98 $   27,066.00 155 85 $   22,961.00 341 183 86% 180 93 $   26,538.00 135 69 $   18,476.00 315 162 86% 186 71 $   19,455.00 145 51 $   14,329.00 331 122 87% 180 75 $   20,416.00 150 59 $   20,202.00 330 134 84% 186 126 $   35,351.00 155 106 $   26,436.00 341 232 79% 157 104 $   30,041.00 122 88 $   25,966.00 279 192 88% 140 63 $   17,161.00 108 58 $   16,422.00 248 121 87% 155 97 $   24,790.00 124 80 $   20,124.00 279 177 79% 140 56 $   14,794.00 112 59 $   15,108.00 252 115 84% 150 90 $   27,125.00 124 87 $   22,522.00 274 177 82% 127 67 $   17,973.00 120 71 $   20,960.00 247 138 86% 124 84 $   24,318.00 120 57 $   14,920.00 244 141 87% 124 83 $   20,867.00 112 51 $   14,168.00 236 134 89% 120 83 $   22,696.00 116 73 $   19,122.00 236 156 87% 124 81 $   20,812.00 120 55 $   15,621.00 244 136 92% 116 77 $   21,787.00 108 60 $   17,853.00 224 137 85% 124 109 $   30,127.00 124 49 $   13,029.00 248 158 Total Thouse  Total Rev  ADR$ Occ% $      35,283.00 $   286.85 47% $      67,690.00 $   302.19 66% $      68,824.00 $   327.73 68% $      57,735.00 $   329.91 51% $      70,941.00 $   333.06 65% $      66,911.00 $   326.40 62% $      48,453.00 $   293.65 51% $      64,018.00 $   297.76 63% $      55,222.00 $   319.20 52% $      59,512.00 $   303.63 60% $      70,548.00 $   316.36 65% $      77,838.00 $   317.71 74% $      57,887.00 $   314.60 54% $      66,453.00 $   322.59 60% $      43,732.00 $   339.01 41% $      54,403.00 $   329.72 50% $      49,637.00 $   285.27 54% $      43,355.00 $   305.32 44% $      52,464.00 $   301.52 53% $      42,594.00 $   280.22 47% $      34,912.00 $   303.58 38% $      76,686.00 $   322.21 72% $      67,154.00 $   298.46 66% $      66,637.00 $   286.00 71% $      54,478.00 $   296.08 54% $      67,383.00 $   277.30 71% $      53,853.00 $   281.95 62% $      64,724.00 $   262.04 72% $      64,024.00 $   271.29 72% $      49,893.00 $   275.65 53% $      68,156.00 $   288.80 74% $      39,791.00 $   255.07 46% $      50,027.00 $   273.37 54% $      45,014.00 $   277.86 51% $      33,784.00 $   276.92 37% $      40,618.00 $   303.12 41% $      61,787.00 $   266.32 68% $      56,007.00 $   291.70 69% $      33,583.00 $   277.55 49% $      44,914.00 $   253.75 63% $      29,902.00 $   260.02 46% $      49,647.00 $   280.49 65% $      38,933.00 $   282.12 56% $      39,238.00 $   278.28 58% $      35,035.00 $   261.46 57% $      41,818.00 $   268.06 66% $      36,433.00 $   267.89 56% $      39,640.00 $   289.34 61% $      43,156.00 $   273.14 64% Hotel Operation  Rms Avl Rms Sold Total Rev  2,805 2,094 $    370,858.00 2,728 2,053 $    346,263.00 2,408 2,226 $    381,233.00 3,720 3,075 $    536,307.00 4,500 3,151 $    553,818.00 4,660 3,339 $    588,933.00 4,505 3,034 $    539,808.00 4,489 2,984 $    524,243.00 4,656 3,304 $    553,580.00 4,666 3,400 $    593,339.00 4,650 3,065 $    526,431.00 4,500 3,821 $    674,062.00 4,650 2,935 $    483,196.00 4,650 2,746 $    439,009.00 4,310 3,195 $    542,584.00 4,660 3,326 $    544,719.00 4,505 3,019 $    489,421.00 4,665 3,431 $    522,303.00 4,500 3,380 $    525,177.00 4,665 3,150 $    462,675.00 4,688 3,285 $    496,984.00 4,500 3,896 $    577,750.00 4,650 4,190 $    612,223.00 4,500 4,181 $    631,645.00 4,650 3,646 $    487,949.00 4,650 3,753 $    476,869.00 4,200 3,627 $    519,173.00 4,650 3,668 $    529,056.00 4,500 3,145 $    455,430.00 4,650 3,739 $    549,138.00 4,510 3,766 $    539,716.00 4,650 3,873 $    546,360.00 4,538 3,962 $    560,216.00 4,410 3,882 $    544,407.00 4,475 4,023 $    566,844.00 4,373 3,953 $    578,884.00 4,555 3,867 $    522,811.00 4,600 3,659 $    489,048.00 4,156 3,770 $    530,100.00 4,612 4,069 $    553,582.00 4,190 3,378 $    441,679.00 3,861 3,310 $    456,605.00 3,986 3,339 $    448,068.00 4,267 3,737 $    491,897.00 4,552 4,053 $    530,084.00 4,432 4,014 $    514,761.00 4,637 4,129 $    533,650.00 4,489 4,213 $    559,258.00 4,621 3,970 $    497,043.00 ADR$ Occ% $   177.11 75% $   168.66 75% $   171.26 92% $   174.41 83% $   175.76 70% $   176.38 72% $   177.92 67% $   175.68 66% $   167.55 71% $   174.51 73% $   171.76 66% $   176.41 85% $   164.63 63% $   159.87 59% $   169.82 74% $   163.78 71% $   162.11 67% $   152.23 74% $   155.38 75% $   146.88 68% $   151.29 70% $   148.29 87% $   146.12 90% $   151.08 93% $   133.83 78% $   127.06 81% $   143.14 86% $   144.24 79% $   144.81 70% $   146.87 80% $   143.31 84% $   141.07 83% $   141.40 87% $   140.24 88% $   140.90 90% $   146.44 90% $   135.20 85% $   133.66 80% $   140.61 91% $   136.05 88% $   130.75 81% $   137.95 86% $   134.19 84% $   131.63 88% $   130.79 89% $   128.24 91% $   129.24 89% $   132.75 94% $   125.20 86% 28% 10% 24% 31% 5% 10% 17% 3% 19% 13% 1% 11% 9% ‐1% 33% 22% 13% 30% 22% 21% 32% 14% 24% 22% 24% 9% 24% 6% ‐2% 27% 10% 38% 34% 37% 53% 50% 17% 11% 42% 25% 35% 21% 28% 30% 32% 24% 33% 33% 22% BNB Submission 81 2015 2016 2017 2018 2015 2016 2017 2018 54,121 58,881 58,141 55,414 38,815 43,582 47,581 47,423 7,066,792 6,984,944 7,027,958 6,534,081 2,184 2,178 2,190 1,601 1,397 1,295 1,331 994 432,981 396,181 366,480 272,491 1,805 1,760 1,790 1,410 1,031 842 992 788 Total Thouse  Rms Avl Rms Sold Total Rev  332,598 3,989 2,428 765,579 256,324 3,938 2,137 652,505 272,574 3,980 2,323 639,054 215,815 3,011 1,782 488,306 Townhouse occupancy cost compared to  hotel 12% 467.3112383 $    147,349.12 21% 833.5405602 $    254,510.71 25% 1002.766511 $    275,859.64 28% 840.465336 $    230,305.42 $    908,024.90 ADR$ Occ% $   315.31 61% $   305.34 54% $   275.10 58% $   274.02 59% 191.922537 165.694515 160.5663317 162.1740286 2015 2016 2017 2018 Hotel Operation  Rms Avl Rms Sold Total Rev  ADR$ Occ% 50,132 36,387 6,301,213 $   173.17 73% 54,943 41,445 6,332,439 $   152.79 75% 54,161 45,258 6,388,904 $   141.17 84% 52,403 45,641 6,045,775 $   132.46 87% $   125.69 $   115.25 $   117.96 $   115.37 ... 7,915,807 5,120,591 1,801,313 1,602,817 1,581,579 49,626,174 Change -8 .57% -4 .75% -3 .00% -5 .56% -1 1.25% -1 6.40% 2.70% -6 .43% BNB Submission 81 MEMBER BULLETIN Unregulated Accommodation Tourism Research... & 1 0-1 4 Pier Street Perth 545 485 hotel rooms | 60 serviced apartments 9 0-9 6 Beaufort Street Perth 270 Lot (286) Hay Street East Perth 180 Fragrance Group Hotel 3 9-4 1, 4 7-5 5 Milligan & 46 9-4 71... Intercity Belmont Pty Ltd T/as? ?Country? ?Comfort? ?Perth? ?(ABN 77 049 551 014)  249‐263 Great Eastern Highway, Belmont,  WA  6104  PH+61 (8) 94780888   Fax +61 (8) 94780800  E: reservations.intercityperth@snhgroup.com  BNB Submission