Hotel occupancy rates in Cairns are expected to return to pre-pandemic levels by the end of 2024 once international tourism has fully recovered, according to the latest figures from CBRE Research.
CBRE associate director for hotel research Ally McDade said the hotel sector had been buoyed by strong domestic demand but only a full recovery in international arrivals would see occupancy reach long-term averages.
“The average daily rate is anticipated to moderate but remain positive as a result of continued growth in room night demand,” she told The Cairns Post.
Cairns saw 1.14 million domestic visitors and 30,000 international visitors in the period ending September 2022.
Current international arrivals were driven by the US (20 per cent), the UK (13 per cent) and New Zealand (11 per cent), while the largest share of visitors to the region domestically came from intrastate.