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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 | May 2016

No vacancies: Rising international travel to Australia is expected to boost industry revenue

IBISWorld’s Hotels and Resorts market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 11-16
3.1%
Annual Growth 16-21
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Profit
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Employment
67,855
Businesses
367
Industry Analysis & Industry Trends

The Hotels and Resorts industry has rebounded from weak conditions and falling revenue prior to 2010-11, caused by reduced demand from the corporate and tourist segments. Industry operators have faced heavy competition from other forms of accommodation over the past five years, particularly serviced apartments. Despite this trend, strong growth in international arrivals, particularly from Asia-Pacific countries like China, has supported industry growth over the past five years. Rising domestic business travel, which is a major revenue stream for larger hotels, has further supported the industry over this period. As a result, industry revenue is expected to grow at an annualised 3.1% over the five years through 2015-16, to total $6.2 billion... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Hotels and Resorts industry is in the growth phase of its life cycle. The industry's contribution to the overall economy, as measured by industry value added, is estimated to grow at an annualised 2.8% over the 10 years through 2020-21. This is a slight outperformance of the Australian economy as a whole, with real GDP expected to grow at an annualised 2.6% over the same period.

Although hotels and resorts have existed for many years, demand for the industry's services is being driven by demand from both domestic and international travellers. This has in turn been caused by rising income levels both in Australia and developing countries, like China, and the depreciation of the Australian dollar since mid-2013... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hotels and Resorts Industry?

The 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, but only limited cooking facilities, in most guest rooms. The industry also includes revenue earned from the provision of food and beverages. Hotel and resort accommodation provided by casinos is not included in the industry.

Industry Products
Low-end hotel roomsHigh-end hotel roomsFood and beveragesOther services
 
Industry Activities
Hotel operationHotel managementResort operationResort management


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