Short term arrivals and departures data points to further under-performance in QLD

As ABS Oct data shows Chinese visitations continuing to grow (+4.5% y/y) leading total short term arrivals higher (+3.1%), the State of Intended Stay data, when seen through the lens of the Conus Trend, shows Queensland (once again) underperforming against most other states.

With total Trend short term visitations up 3.1% for the year Queensland has registered just a 0.4% lift, which is the slowest pace for all states and territories and the slowest for the state since Dec 2013 (if we ignore the disaster-impacted data from Jan/Feb 2019). Victoria continues to perform very well lifting 5.7% y/y while NSW registered a more modest 2.0% increase.

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