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February 2023



Important data and relevant information for local businesses.

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Gold Coast accommodation revenue exceeds other cities

The Gold Coast is recovering well, posting larger revenue margins relative to other cities across Australia in the accommodation space. Strong recovery in this sector will help boost growth in the Gold Coast's Gross Regional Product and have positive onflow effects for the overall economy.

As per the latest Australian Accommodation Monitor report, the Gold Coast recorded the highest revenue per available room (RevPAR) in 2021-22 relative to other cities measured, with RevPAR of $135 being above the averages recorded in Brisbane, Melbourne, and Sydney. Although the Gold Coast's RevPAR is up from $106 in 2020-21, this figure is still below pre-COVID levels.

Higher RevPAR in the Gold Coast is reflective of strong demand, with room nights occupied (demand) increasing between 2020-21 and 2021-22; and room nights available (supply) declining between 2020-21 and 2021-22. RevPAR is calculated by multiplying a hotel's average daily room rate by its occupancy rate or by dividing total room revenue by the total number of rooms available in the period being measured.

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Seven percent growth in total businesses on the Gold Coast

Another key indicator of strong economic growth is the number of registered businesses within the Gold Coast. Registered businesses have grown from over 71,000 in 2021 to over 76,000 in 2022, according to data released by the Australian Bureau of Statistics. In 2022, 60% of registered businesses were self-employed. Only 69 registered businesses within the Gold Coast had 200+ employees (or 0.1%). In sector terms, construction accounted for 19% or over 14,000 of all registered businesses.

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Host for the Coast kicks off

Study Gold Coast have initiated a program to unlock accommodation options for the biggest influx of international students since 2019. Host for the Coast invites Gold Coasters to register their interest in opening our doors to international students. Host families will have the opportunity to broaden their cultural horizons through wonderful experiences while creating friendships that could last a lifetime. Find out more here.

Gold Coast towels up its rivals

From revolutionary high-fidelity body scanning tech to rapid-dry sports towels, rising Gold Coast sports companies are making waves across the globe, helping bolster the city’s international credentials as a sports innovation accelerator. Ranked 26th best Sport City in the World in the 10th annual edition of the Burson Cohn & Wolfe 2022 Sports Practice report, the Gold Coast is home to a surging sports innovation economy. Read the full story.

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Upcoming events


16 - 17 February 2023

Business News Australia are excited to be hosting their inaugural E2E Summit (Entrepreneur-to-Entrepreneur) on 16-17 February in Sydney, bringing together some of the nation’s top business minds.

Register now



28 April 2023

A yearly event that provides all tourism stakeholders with an opportunity to: learn how to cater to the valuable accessible & inclusive market to promote sustainable growth; and connect with each other to create momentum and contribute to the upgrowth of the sector.

Register now



30 April to 4 May 2023

The 43rd edition of the Australian tourism industry’s largest annual business-to-business event, the Australian Tourism Exchange (ATE23) will return to its traditional format; a four-day event, scheduled to take place at the Gold Coast Convention and Exhibition Centre, after two years of condensed hybrid events.

Register now



3 - 5 May 2023

For 37 years, SCREEN FOREVER has developed an unrivalled ability to unite the sector and provide a world class platform to champion the talent, passion and achievements of the Australian screen industry, providing a vital forum for discussion and debate on the issues and challenges that affect screen business.

Register now



25 to 28 May 2023

The Sanctuary Cove International Boat Show is an unmissable boating lifestyle event showcasing marine products from the luxury lifestyle of the superyacht set to the family fun of messing around with everything on, under and around the water. The latest-and-greatest boating tech and equipment from 300 exhibitors, 600 boats and 45,000 visitors make this Australia’s biggest celebration of lifestyles that are exotic and aquatic.

Find out more



25 - 26 July 2023

The PIE Live: Australia will take place on 25-26 July 2023 at the Gold Coast Convention and Exhibition Centre. The conference offers expert insights on current hot topics in global education and extensive networking opportunities.

Register now


Check out other events within the City of Gold Coast, by clicking here.

Business Programs & Support

Local businesses programs, schemes and support snapshot. For more information follow the links below:

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