Short-stay Accommodation in Tennant Creek - Market Analysis Reports
Market analysis for potential short-stay accommodation development in Tennant Creek.
Further to the reports for Katherine and Nhulunbuy published in September 2022, the Northern Territory Government engaged KPMG to undertake a market analysis into the potential development and ongoing operation of new commercial short-stay accommodation options in Tennant Creek.
Anecdotally, the availability, quality and pricing of current accommodation options in these regional centres is lacking, and this is restricting economic growth in the regions.
The small size of the Territory economy means that major project investments can have a disproportionately large impact on overall growth, affecting short term accommodation supply and demand as construction phases ramp up.
The objective of the market analysis was to document a commercial evidence-base, quantifying the nature and quantum of the demand gap, and identifying the most appropriate accommodation options to fill this gap.
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