Month: December 2016

Dransfield declares Cairns (& Port Douglas) capital of North Queensland

Dransfield have posted a year end review of their 2016 Hotel Futures: In FY2016, the Cairns & Port Douglas STA market was the highest growth Capital city market in the country, buoyed by resurgent international and domestic leisure visitors • Significant RevPAR growth of 11.2% exceeded our already robust 9.2% expectations as Australian leisure markets continue…

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Vertigo hits Reef

Reef Casino Trust (RCT) has announced the estimated distribution for 2H (2nd half year) 2016. Not an outstanding result anticipated: With slightly more than 3 weeks’ trading to go before the end of the financial year, our current estimate of the distributable profit* for the full year 2016 is approximately $12.0 million, compared to 2015’s…

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