Month: October 2017

Global Pokie Hub?

Market announcement this morning from Reef Casino: Dear Sirs, QLD Government’s announcement regarding “Global Tourism Hubs” We refer to the Queensland Government’s recent policy announcement regarding possible “global tourism hubs” which “focusses on tourism as a primary driver with gaming as a second” specifically in Cairns and the Gold Coast. Given the size of Cairns…

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Employment Extravaganza

It was a big week for regional employment data to play with. The regional SA4 stats from ABS were out on Thursday as covered by Conus: Regional jobs data shows regional QLD employment growth at fastest pace in a decade The same day saw updated quarterly numbers to June for the Queensland state public service. Nick…

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Insurance Imbroglio Inquiry #XLIV

ACCC: Northern Australia insurance inquiry On 25 May 2017, the Australian Government directed the ACCC to conduct a wide-ranging inquiry into the supply of residential building (home), contents and strata insurance in Northern Australia. Scope of inquiry Matters to be considered by the inquiry shall include, but not be restricted to: the pricing and availability of…

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Domestic growth descent at Airport

Cairns Airport numbers for September continue a softer domestic growth trend: Domestic growth for the month was 0.8% and International growth 1.8%. The airport noted that passenger growth aligned with seats so load factors were similar. The numbers here are ex transfers and transits where it was also noted by the airport: The 4% growth…

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Experience on Watch

The skydiving tragedy last week in Mission Beach placed ASX listed Skydive The Beach (SKB) back on my radar. SKB is the operator of Skydive Australia which conducts the tandem skydives in Mission Beach and Cairns. SKB has built a model aggregating this activity to a dominant position in Australia and NZ. I did look…

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Seasonal Cyclone Outlook

Australian Tropical Cyclone Outlook for 2017 to 2018 The Northern region outlook suggests an average number of tropical cyclones with a 53% chance of more tropical cyclones than average and a 47% chance of fewer tropical cyclones than average. In a typical year the Northern region experiences around three cyclones, and one or two tropical…

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September Rental Data

September quarter rental data from the Residential Tenancies Authority generally continues recent trends with some recovery from a base in Mackay now evident. The rental gap between Cairns and Townsville continues to widen. Regional building approvals data was also released yesterday and it finally looks like the initial stage of the proposed Nova development has…

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Corporate action in accommodation

The ASX listed Mantra Group (MTR) has announced an “indicative and non-binding” proposal from French global giant Accor. A combined group would be dominant in FNQ with both groups having a significant presence in Port Douglas, Palm Cove and Cairns. Mantra branded accommodation properties: Mantra Esplanade (Cairns) Mantra Trilogy (Cairns) Breakfree Royal Harbour (Cairns) Mantra…

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Airport Comparisons FY17

Cairns Airport data for August didn’t really provide anything worthy of new comment. So have finally updated some graphs and BITRE data at the Cairns Airport page. Most recent comparative BITRE data for the top 20 airports is updated to June 2017. Growth leaders for FY2017 are dominated by tourism related destinations along with Canberra…

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