Pandemic results in a downward pressure on service occupancy, now at a record low Australia-wide.
Trends in new centre openings are expected to remain slow whilst COVID-19 persists, provided occupancy continue to be negatively impacted.
- Total service numbers declined by 0.23% QoQ nationally to 16,107 from 16,144 centres in Q1-20. Amid the COVID-19 pandemic, 129 centres closed whereas only 92 new centres opened in the quarter.
- Most states saw a decline in net services, the exceptions being ACT which saw a 0.56% growth (361 vs 359), and WA with 0.08% growth (1,238 vs 1,237). The largest percentage drop was observed in NT at 0.89% (222 vs 224).
- National NQS remains steady this quarter, with 81% Meeting NQS and beyond, and 19% Working Towards NQS.
- The average RevPAP for Australia was at $60. Due to a substantial drop in occupancy, revenue was also impacted. Sydney saw the highest ADR at $114, while Queensland recorded the lowest fees at $96.