Industry Analysis & Industry Trends
The Hotels and Resorts industry has rebounded from weak conditions and falling revenue prior to 2010-11, caused by reduced demand from the corporate and tourist segments. Industry operators have faced heavy competition from other forms of accommodation over the past five years, particularly serviced apartments. Despite this trend, 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 3.1% over the five years through 2015-16, to total $6.2 billion... purchase to read more
Industry Report - Industry Locations Chapter
Hotels in Australia are largely distributed according to popular tourist destinations and key business locations. As a result, 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 this, the state 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. Queensland, unlike Victoria, is over-represented in terms of population... purchase to read more