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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 2015

Room to grow: The recovery of key inbound tourism markets will drive growth

IBISWorld’s Hotels and Resorts market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 recovered from the troubled years of the global financial crisis, during which revenue was stagnant due to weakened demand from both the corporate and tourist segments. At the same time, hotels and resorts 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 travel plans and general willingness to travel. However, the industry has rebounded following a resurgence of inbound tourism and a steady domestic tourism market. For this reason, industry revenue is expected to grow at an annualised 3.6%... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Hotels and Resorts industry exhibits low levels of market share concentration. The top four companies within the industry account for significantly less than 40% of industry revenue. However, the industry structure varies substantially between owner operators and operators on lease. The number of leasing and management agreements in the industry has increased as major operators prefer not to own hotel property but rather to concentrate hotel management. This is likely to remain the preferred model of business operation over the next five years. Despite this, many independent hotel and resort owners exist, especially outside the lucrative capital city-centre markets, where concentration tends to be lower... 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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