Hotel Needs Assessment North Lakes

Project name:  Hotel Needs Assessment

Client:  Private Developer

Location:  North Lakes, Moreton Bay (QLD)

Brief:  An opportunity was realised for short-stay accommodation product at Stockland’s North Lakes mater planned community – approximately 30 kilometres north of Brisbane CBD and 50 kilometres south of Caloundra.

MacroPlan was engaged a private developer to prepare a supply and demand assessment for the current and future provision of serviced apartments within the Moreton Bay region.

Methodology:  The serviced accommodation supply was measured against underlying demand to determine the market gap. Demand was quantified by investigating the following:

  • Domestic and international visitor nights;
  • Tourist accommodation preferences and place of origin;
  • Local traffic estimates;
  • Drive time catchments;
  • Industry / business outlook; and
  • Infrastructure investment.

Result:  The supply and demand assessment revealed there was a strong basis to develop serviced apartments in the Moreton Bay region, particularly within North Lakes.  The presentation effectively served as a communication / key messaging piece to hotel operators.

Services:  Supply and demand, tourism analysis, hotel needs assessment