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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

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 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 SWOT Analysis Chapter

The Hotels and Resorts industry is in the mature phase of its life cycle. The declines in revenue during 2008-09 and 2009-10 can be attributed to the global financial crisis and the industry's heavy dependence on tourism trends. The industry's contribution to the overall economy, as measured by the Industry Value Added is estimated to grow at an annualised 2.5% over the ten years through 2019-20. This is marginally slower than the Australian economy as a whole, with real GDP expected to grow at an annualised 2.7% over the same period. Both domestic and international tourism numbers have been affected by a number of global and local events since the late 2000s. However, they are still in a long-term growth phase, which will benefit the industry over the next five years... 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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