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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 | Jul 2014

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

IBISWorld’s Hotels and Resorts market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 10-15
4.0%
Annual Growth 15-20
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Profit
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Employment
67,788
Businesses
332
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 8.3% and 3.2% 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 tourist numbers and a recovery in consumer and business confidence. For this reason, industry revenue is expected to grow by an annualised 4.0%... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Despite the decline in revenue at the beginning of the past five years, 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 directly attributed to the global financial crisis and the industry's heavy dependence on tourism. 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 in next five years. Future industry revenue growth is expected to be driven by international tourists, particularly from Asia.

Some areas in the industry, such as those locations close to mining centres, are in a growth phase... 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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