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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 | Oct 2014

Staying power: Revenue grows as demand from international travellers and businesses rises

The Hotels and Resorts market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 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 Analysis Chapter

The Hotels and Resorts industry has had to contend with both global economic uncertainty and a changing tourism market in Australia since the global financial crisis. With the onset of a global economic downturn, almost all forms of travel accommodation suffered declines in revenue as both tourists and businesses became more concerned about their finances and cut back on luxuries, including travel. However, the Hotels and Resorts industry responded strongly to these challenges by cutting prices and offering promotions, and has posted revenue growth over the past five years. Over the five years through 2014-15, industry revenue is forecast to grow at an annualised 3.6%... 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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