With no hotel developments in the pipeline, the cost of hotel rooms in Perth is soaring and this cold cost the state economy millions.ABS Survey of Tourist Accommodation data shows that Q1 2011 occupancies sustained record breaking figures at 83%, up three percentage points on 2010. Room rates were also up 7% year on year, averaging AU$189 (US$204) across the city. The Tourism & Transport Forum recorded a RevPAR increase of 10.5% which it attributes predominantly to rising room rates. These growth rates are being sustained by a shortage in supply in the Western Australia (WA) capital and will cost the state AU$660 million over eight years, reports Access Economics for Tourism Western Australia. Yet despite the supply shortage, the pipeline remains barren, prompting calls for new planning policies and development incentives from industry leaders. Property developers have tended to avoid the hospitality industry, instead lured by lucrative returns in the residential sector.The state government last week responded with amendments to the tourism planning and development initiative which is designed to encourage hotel development. The move was praised by Tourism Council WA Chief Executive, Evan Hall, who wants to see 300 additional rooms every year. Hall told PerthNow; “Hotel rooms are a critical link in the supply chain for the resources and tourism sectors. If there are no rooms there are no holidays, corporate travel or business meetings. Hotel rooms are essential infrastructure like hospital and school rooms
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