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Hotels and Resorts in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hotels and Resorts Market Research Report | ANZSIC H4401 | Feb 2015

Room to grow: The recovery of key inbound tourism markets will drive growth

IBISWorld’s Hotels and Resorts market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 10-15
3.6%
Annual Growth 15-20
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Profit
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Employment
67,788
Businesses
331
Industry Analysis & Industry Trends

The Hotels and Resorts industry has recovered from the troubled years of the global financial crisis, during which revenue was stagnant due to weakened demand from both the corporate and tourist segments. At the same time, hotels and resorts faced heavy competition from other forms of accommodation, particularly serviced apartments, which have been refined to cater for the lucrative corporate segment. Industry revenue declined by 8.1% and 0.1% in 2008-09 and 2009-10, respectively, as the global financial crisis wreaked havoc on consumer travel plans and general willingness to travel. However, the industry has rebounded following a resurgence of inbound tourism and a steady domestic tourism market. For this reason, industry revenue is expected to grow at an annualised 3.6%... purchase to read more

Industry Report - Starting a New Business Chapter

The industry's barriers to entry are moderate, especially as many establishments can be leased, which provides a quick and more affordable method of entry into the industry as opposed to building and setting up a new hotel. In addition, regulatory hurdles required to operate in the industry are low, although training and licences in other aspects of the hospitality sector are often required.

Development and investment in a good-size hotel involves significant investment for land purchase, construction and outfitting costs. Entry costs into the industry can be lowered through entering into management agreements or franchising agreements with building owners. Entry may also occur for investors investing in individual rooms or suites with guaranteed short-term returns... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hotels and Resorts Industry?

This industry includes hotels and resorts that have more than 15 rooms. Hotels and resorts are establishments that are licensed to operate a public bar and provide accommodation on a room or suite basis, with a bath or shower and other facilities in most guest rooms. Cooking facilities, such as hot plates and a microwave, are not available in most guest rooms, although tea and coffee-making facilities are usually included.

Industry Products
Three-star and less roomsHigh-end hotel roomsDining
 
Industry Activities
Hotel operationHotel managementResort operationResort management


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