{"id":2680,"date":"2022-07-21T13:18:08","date_gmt":"2022-07-21T03:18:08","guid":{"rendered":"https:\/\/theonsitemanager.com.au\/news\/?p=2680"},"modified":"2022-08-12T13:00:19","modified_gmt":"2022-08-12T03:00:19","slug":"management-rights-report-2022","status":"publish","type":"post","link":"https:\/\/www.theonsitemanager.com.au\/news\/management-rights-report-2022\/","title":{"rendered":"Management Rights Report 2022"},"content":{"rendered":"\n
Managment-Rights-Report_Final<\/strong><\/a>Download<\/a><\/div>\n\n\n\n

Management Rights\u2019 industry worth $4.8b in Australia, according to groundbreaking report
Management Rights contributes a staggering amount to the Australian economy, with $120 billion of accommodation assets under management, according to an industry first report.
ResortBrokers today released the Management Rights\u2019 Report 2022 \u2013 the only one of its kind in Australia \u2013 which examines the vast impact of this accommodation industry sector.
The inaugural report is a game-changer for the industry with ResortBrokers utilising its bespoke, back-of-house research system to collect and collate the data from around Australia.
Findings by ResortBrokers Research reveal:
\uf0b7 $4.8b estimated total value of the MR industry
\uf0b7 3,679 number of schemes nationally
\uf0b7 250,652 number of lots under the MR model
\uf0b7 68 average lots per scheme
\uf0b7 33,000 number of people employed
\uf0b7 $120b assets under management
ResortBrokers Director Alex Cook says the company handles more Management Rights\u2019 transactions than any of its competitors combined, with sales constituting roughly half of its annual sales volume.
\u201cResortBrokers captures more than half of the entire Australian Management Rights\u2019 market with 51 per cent market share and 376 sales over the past five years, worth more than $546 million,\u201d Mr Cook says.
\u201cManagement Rights is most robust in Queensland although the model exists in all other states and territories under varying legislation.<\/p>\n\n\n\n

\u201cThe industry is a key cornerstone of Australia\u2019s tourism sector, offering thousands of professionally managed serviced apartments to the market ensuring higher level of security, health and safety when compared to an Airbnb.\u201d
Mr Cook says in the past five years, Brisbane has witnessed the most robust sales of Management Rights, recording 40 per cent of all transactions; followed by the Gold Coast (28 per cent); Sunshine
Coast (12 per cent); North Queensland (10 per cent); New South Wales (six per cent); and Melbourne (four per cent).
Key trends to emerge over the past five years include:
\uf0b7 Multipliers have increased significantly particularly for medium-to-high netting MR assets
\uf0b7 Many developers have opted to establish MRs as \u201cbusiness only\u201d assets
\uf0b7 Off-The-Plan opportunities have become the most sought-after MR type
\uf0b7 An increase in high-net-worth private operators, syndicates and private equity competing for the best and biggest MRs
\uf0b7 Transactions are taking considerably longer than previously
\uf0b7 COVID-19 has had almost zero effect on permanent residential MRs but short-stay MRs have been impacted, particularly in the regions
\uf0b7 Body Corporate committees have become more powerful Major accommodation brands which operate Management Rights include Sebel Residences, Mantra and Peppers by Accor, and Oaks and Avani by Minor Hotels.
\u201cGenerally speaking, ResortBrokers anticipates the short-to-medium term outlook for the Management Rights\u2019 market to be extremely positive,\u201d he says.
\u201cCertain sectors are expected to maintain current strength and consistency, and others to show a general recovery from the pandemic conditions of recent years.
\u201cResortBrokers continues to work with government and peak industry bodies such as ARAMA, to ensure the industry is viable and represents the best interests of all stakeholders.\u201d<\/p>\n\n\n\n

Managment-Rights-Report_Final<\/strong><\/a>Download<\/a><\/div>\n\n\n\n

This article was contributed by Resort Brokers.<\/p>\n\n\n\n

You can find more information at: https:\/\/www.resortbrokers.com.au\/<\/p>\n","protected":false},"excerpt":{"rendered":"

Management Rights\u2019 industry worth $4.8b in Australia, according to groundbreaking reportManagement Rights contributes a staggering amount to the Australian economy, with $120 billion of accommodation…<\/p>\n","protected":false},"author":1203,"featured_media":2693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_mbp_gutenberg_autopost":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-and-finance"],"_links":{"self":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts\/2680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/users\/1203"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/comments?post=2680"}],"version-history":[{"count":6,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts\/2680\/revisions"}],"predecessor-version":[{"id":2754,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts\/2680\/revisions\/2754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/media\/2693"}],"wp:attachment":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/media?parent=2680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/categories?post=2680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/tags?post=2680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}