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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 | Sep 2016

Making room: 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
$8bn
Annual Growth 12-17
2.3%
Annual Growth 17-22
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Profit
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Employment
68,053
Businesses
371
Industry Analysis & Industry Trends

Strong growth in international arrivals, particularly from countries in the Asia-Pacific region such as China, has boosted revenue for the Hotels and Resorts industry 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. Consequently, the industry has recovered from the period of weak growth in the five years through 2011-12, caused by reduced demand from the corporate and tourist segments. Despite strong demand from domestic, overseas and business tourists, hotels and resorts have faced heavy competition from other forms of accommodation over the past five years. In particular, competition from serviced apartments has limited industry growth... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Hotels and Resorts industry is in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the wider economy, is projected to grow by 2.1% annualised over the 10 years through 2021-22. This represents an underperformance relative to the economy, with GDP is forecast to grow by an annualised 2.6% over the same period. The industry's slower growth is indicative of a mature economy.

Demand from both domestic and international travellers is driving demand for the industry's services. Rising domestic and international travel has been caused by rising incomes both in Australia and developing countries, such as China, and the depreciation of the Australian dollar since 2013-14... 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 providing 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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