Month: June 2016

Reef Casino: bleached by night?

Despite the recent flow of positive tourism news Reef Casino seems to have turned in a weaker first half going by the recent distribution announcement: Reef Casino Trust profits in Cairns falls by $700,000. The ‘reef by night’ slogan may have missed its target on these numbers. With another week’s trading before the end of the first half financial year,…

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Airport data updated to May

Now hopefully recovering from some debilitating technical frustrations so can update two months of data up to May for Cairns Airport. May is a seasonally quieter month but domestic growth remains robust at 6% with previous indications from the airport also of capacity growth around that in coming months. International growth pulled back into single…

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Dransfield Hotel Futures

2016 Dransfield Hotel Futures report was recently released. As always it’s difficult to know how much credibility to give to reports of this kind and haven’t delved into the detail. It does though include a good deal of information and commentary on the Cairns & Port Douglas hotel accommodation market. We know tourism numbers have been positive…

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Is Townsville water mispriced?

Bill and Mal. Mal and Bill. Have been competing over funding for the Townsville water supply. This is interesting because the current Townsville web page on water supplies says this: Townsville residents use over four times more water per person than in most major cities The average Townsville household uses 1,700 litres of water per…

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