A report delivered to Noosa Council this month shows Noosa Holiday Parks which include Noosa River Holiday Park, Boreen Point Campground and Noosa North Shore Campground, are continuing to be popular holiday destinations and a source of increasing revenue to the community.
Mid-way through the financial year the holiday parks have welcomed almost 32,000 visitors which is just shy of half of last year’s total (49.5 per cent) with revenue at almost 60 per cent (59.6 per cent) of the annual budget and delivering a surplus of more than half a million ($0. ).
Forward bookings remain strong, with a total of 44,880 visitors secured and $3.926 million in revenue commitments, the report shows.
“Overall, financial performance and market demand suggest the Noosa Holiday Parks are well positioned to meet budget expectations for 2024/25, ensuring continued financial sustainability, strong visitation and continued positive economic impact,“ the report states.
Figures show the holiday parks have increased revenue this year having taken $2.46 million in this first half of the financial year, which is 54 per cent of last year’s total revenue.
The report claims this steady revenue trajectory suggested the holiday parks were on track to meet or exceed annual financial targets with its operational surplus which is currently $0.545 million, to play a vital role in supporting general rate revenue.
Each of the three holiday parks, Boreen Point campground (59.6 per cent), Noosa North Shore Campground (68.7 per cent) and Noosa River Holiday Park (55.6 per cent) have exceeded half of their annual budget expectations, with Noosa North Shore Campground experiencing the biggest increase.
When it comes to revenue Noosa River Holiday Park brings in the most funds with mid-year figures for Noosa River Holiday Park at $1.345 million, Boreen Point Campground at $0.393 million and Noosa North Shore Campground at $0.721 million.
The park’s strong advance bookings, in already securing 95 per cent of the financial year’s expected income, suggest there will be many happy holiday makers visiting in the months ahead.
