Month: February 2018

January Airport

January growth numbers for Cairns Airport came in negative with domestic traffic down 1.4%, international up 4%, and combined total down 0.6%. This wasn’t unexpected as posted last month. If anything given the recent lower growth numbers and the Chinese New Year move to mid February I wouldn’t have been at all surprised by something…

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Reef results FY2017

There is actually quite a lot in here for comment: proposed tourism hub; changes in control of significant owner Casinos Austria; local pokie competition and extension of trading hours; charter flights tourism debacle in the first half of 2017 never really resolved with finger pointing all round; and a few more …… Reef Casino FY2017…

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Perspectives on Employment

Two employment related posts on the latest Centrelink data: Job Seeker data shows little change for Cairns Disproportionate numbers of Newstart/Youth Allowance recipients in Far North Qld, Wide Bay-Burnett & Logan Meanwhile, over at the somewhat retro website of Cummings Economics there are two posted PDF notes from Bill which take aim at the regional…

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Nova City Flurry

Aspial, Singaporean developer of the Nova City project in Cairns spun off their Malaysian and Australian interests on The Singapore second board last year as World Class Global. WCG half year report as at June 30 2017: WCG quarterly report as at September 30 2017: Marketing email for Nova City received today from Irene at…

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Gaming January

The metered Queensland pokie win (player loss) in January was up 4.75% on the previous year. However, while approved machine numbers increased, operational numbers declined so win (loss) per machine was up 6.0%. The divide between clubs and hotels continues: While growth in Townsville was in line with the state at 4.8% Cairns excelled with…

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Experience Results 1H2018

With reporting season in full swing the highly acquisitive Experience Co has also reported results this week. The interest here is in the stakes acquired in recent times in prominent Cairns based tourism businesses. Commentary from Experience: Raging Thunder  • 6-month contribution to 1H18 results • Financials in line with management expectations • PAX numbers…

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Mantra Results 1H2018

Mantra Group results for 1H2018 released today. Overall the group result was rather flat to be kind but commentary is usually of interest because of the significant hotel resort accommodation presence in TNQ. RevPAR = revenue per available room Most interest in Mantra though is on progress of the takeover by Accor which seems to…

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The secular decline of Mt Isa

There is a good post over at Queensland Economy Watch on regional airfares: Why is it so? Regional Qld airfares 2-3 times higher than in the city – guest post by Craig Wilson Figure 2: Index of domestic passengers, 1985-86 to 2016-17 Following positive commentary from Cairns Airport on regional routes I have also recently looked…

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