The latest AHA (WA) Accommodation Development Intelligence Report shows an unprecedented number of new hotel rooms have opened in the Perth metropolitan area, with thousands more under construction.
New data released by the AHA(WA) confirms that 3,556 new rooms across 32 hotels and serviced apartments have opened in the past five years. A further 2,742 rooms in 14 properties are either already under construction or significantly committed to.
WA’s new hotel investment represents over $4.5 billion in construction costs that have been directly injected into the state’s economy. The ongoing value is far higher, creating thousands of direct and indirect jobs, supporting local industry suppliers and sustaining the broader tourism industry.
The report also shows a total of 835 existing rooms in 5 hotels have been redeveloped, with a further 117 committed to.
Australians Hotels Association (WA) CEO Bradley Woods said the data shows how much the Perth accommodation sector has expanded and matured in less than a decade.
“The data lays bare the scale of investment that has been injected into the state’s accommodation industry and the importance of the sector to the Western Australian economy,” Mr Woods said.
“Perth has come a long way since the mining boom, where accommodation was scarce and comparatively expensive, which acted as a deterrent to tourism growth.”“Perth now boasts a world-class array of accommodation offerings at very reasonable prices and we are seeing this produce results, with visitation numbers to WA heading in the right direction.”
“The data underscores the importance of ensuring there is a level playing field for an industry that is injecting billions of dollars into the state economy and creating thousands of jobs and training opportunities for local residents.”
“The data released today largely reflects investment decisions that were made up to seven years ago. It is therefore absolutely essential that policy makers do not undermine past and future investment by allowing unregulated short stay accommodation to go unchecked.”
“The accommodation sector and the tens of thousands of Western Australians who rely on the industry for their jobs are eagerly awaiting the outcome of the WA Parliamentary inquiry into short stay accommodation.”