Industry Analysis & Industry Trends
The Hotels and Resorts industry has emerged from the troubled years of the global financial crisis, during which revenue stagnated due to weakened demand from both the corporate and tourist segments. Hotels and resorts have 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 sentiment and business confidence. However, the industry has rebounded following a resurgence of inbound tourism and a recovery in consumer and business confidence. For this reason, industry revenue is expected to grow at an annualised 3.6%... purchase to read more
Industry Report - Industry Locations Chapter
Hotels are distributed geographically according to popular tourist destinations and important business locations, of both domestic and international travellers.
In general, domestic tourists are more important than international tourists for the industry's bottom line as domestic tourism accounts for 43.1% of industry revenue. Some states, such as New South Wales and Queensland, have much larger shares of industry establishments than their population distribution would suggest, mainly due to the large number of holiday destinations in these states.
International visitors are also important in the distribution of the industry... purchase to read more