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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 2016

Stay another night: Industry revenue up despite growing competition from serviced apartments

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
3.3%
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 weaker conditions prior to 2010-11, during which revenue fell due to reduced demand from both the corporate and tourist segments. Hotels and resorts faced heavy competition from other forms of accommodation over the past five years, particularly serviced apartments. Despite this, 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 3.3% over the five years through 2015-16, to total $6.3 billion... purchase to read more

Industry Report - Industry Products Chapter

Hotels and resorts primarily derive revenue from the provision of accommodation on a room or suite basis. This accommodation can be segmented by star ratings, which vary depending on the quality of rooms, facilities and services. Five- and four-star hotels and resorts have high room rates and generally provide many other amenities such as 24-hour room service and reception, on-site restaurant facilities, quality furniture and fittings in the rooms, valet parking and recreational facilities like pools and spas. Lower star rated accommodation typically has fewer amenities, but tend to charge lower prices. Star ratings are assessed by Star Ratings Australia, a division of Australian Motoring Services that consists of the NRMA, RACV, RACQ, RAA, RAC, RACT and AANT... 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. 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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