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 Locations Chapter
Hotels and resorts in Australia are largely distributed according to popular tourist destinations and key business locations. Consequently, Australia’s eastern states account for the majority of industry establishments. New South Wales has the largest share of establishments, due Sydney’s importance as a business centre and international travel hub and its popular tourist sites such as the Sydney Opera House. Despite having the largest share of establishments, New South Wales is under-represented relative to its population.
Other states located on Australia’s eastern coast, such as Queensland and Victoria, are also major entry and exit points for international travel, which has caused these states to have a substantial portion of industry establishments... purchase to read more