Updated August 2017
July – travelling at a snail’s pace?
Overall for Queensland, July gaming results grew by 1.0% on July 2016, the fourth month this year to show growth in gaming, albeit it is not as high as the last few months.
Calendar year to date shows that 2017 is up by 2.4% on 2016 and 6.4% on 2015.
Hotels experienced the growth in July 2017 with growth at 3.4% and Club had a slight decline at -1.9%. Hotels continue to outgrow Clubs in gaming in July 2017.
Of the 15 major local government regions, nine regions experienced growth in July. The Mackay LGA (7.7%) has the most growth in July 2017, followed by Toowoomba LGA (4.3%), Gold Coast (3.4%), and Bundaberg LGA (2.3%).
Although, Logan LGA has had a slight decline (-0.4%), it remains strong with a high ADR of $237 for July 2017.
Although growth is evident in the market, it is lower than the industry was expecting, especially during July and August, which are traditionally good months in the gaming space. Several factors could be contributing to the deceleration in growth; consumer sentiment remains lower than 100 at 96.6 (-2.5% on July 2016), consumer sentiment on family finances is 4.2% lower than June 2017 and 3.8% lower than July 2016, growth in retail trade in Qld (increase of 2.4%) and consumer sentiment as a time to purchase major household items (4.2% on June 2017 and 1% on July 2016).
View the latest gaming results and take a look at how each region in Queensland performed below.
For further information contact Geoff Wohlsen on (07) 3878 9355 or Geoff@dws.net.au