Updated December 2017
Is it time yet for celebrations all round?
Overall for Queensland, November gaming results grew by 8.2% on November 2016. Growth in gaming has continued since May this year but is it too early for celebrations?
Calendar year to date shows that 2017 is up by 2.5% on 2016 and 4.6% on 2015.
Comparatively, Clubs and Hotels again experienced growth in November 2017, Clubs at +2.4% and Hotels growth at +13.1%. Hotels proving yet another strong month against Clubs in gaming in November 2017.
Of the major Local Government Areas, the highest growth was in the regions of Ipswich (+18.7%), Moreton Bay South (+16.3%) and Mt Isa (+14.7%). The Logan LGA continues to hold top ranking for ADR of $234. Brisbane South and Brisbane North complete the top 3 for the month with $202 and $189 ADR respectively.
The consumer sentiment index in November declined 1.7% to 99.7, a decrease from an index of 101.4 last month but nevertheless 4.4% up on the low experienced in August. The prospect of rising interest rates, the Federal Government’s ‘citizenship saga’ and Christmas spending surround the economic uncertainty this month.
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