Industry Analysis & Industry Trends
The Online Travel Bookings industry has grown strongly over the past five years. The rise of internet shopping, using computers, smartphones and tablets, has benefited the industry. Consumers are increasingly integrating internet and mobile connectivity into their everyday lives, and are becoming more comfortable booking travel online. In addition, Australians have travelled more regularly over the past five years, both domestically and abroad. This has heightened demand for the industry's services and led to strong growth. Industry revenue is expected to increase at an annualised 13.8% over the five years through 2015-16, to reach $728.0 million. In 2015-16, industry revenue is expected to grow by 10.8%... purchase to read more
Industry Report - Industry Locations Chapter
IBISWorld anticipates that the overall spread of industry bookings largely follows the dispersion of population across Australia. The majority of bookings are therefore spread across the east coast, with New South Wales and Victoria holding the highest concentration. The two states are anticipated to account for more than 55% of online travel bookings. Queensland also accounts for 22% of industry bookings due to its prominence as a tourism destination. These states are over-represented in terms of population. All other states account for a minor share of bookings, largely in line with their shares of population.
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