Overview

Close to home: Industry revenue grows due to strong demand from domestic tourists

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

Industry Threats & Opportunities

  • Hotels and resorts face strong competition from other forms of accommodation
  • Increasing inbound tourism has benefited industry players over the past five years
  • China has become Australia's most valuable inbound market in terms of expenditure

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    Industry Analysis & Industry Trends

    Strong growth in international arrivals, particularly from countries in the Asia-Pacific region such as China, has boosted revenue for the Hotels and Resorts industry 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. Despite strong demand from domestic, inbound and business tourists, hotels and resorts have faced strong competition from other forms of accommodation over the past five years. In particular, competition from serviced apartments has limited industry revenue growth. Industry revenue is expected to grow by an annualised 2.7% over the five years through 2016-17, to reach $7.9 billion. This includes projected industry revenue growth of 2.1% in 2016-17...

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    Industry Report - Industry SWOT Analysis Chapter

    The Hotels and Resorts industry is in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the wider economy, is projected to grow by 2.2% annualised over the 10 years through 2021-22. This represents an underperformance relative to the economy, with GDP is forecast to grow by an annualised 2.5% over the same period. The industry's slower growth is indicative of a mature economy.

    Demand from both domestic and international travellers is driving demand for the industry's services. Ris..

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    Additional Insights for the Hotels and Resorts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hotels and Resorts Industry are

  • Having a loyal customer base
  • Proximity to key markets
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Domestic tourist visitor nights and Business tourist nights in the Hotels and Resorts industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Hotels and Resorts Industry?

    The 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 (but only limited cooking facilities) in most guest rooms. The industry also includes revenue earned from providing food and beverages. Hotel and resort accommodation provided by casinos is not included in the industry.

    Industry Products
    Five- and four-star accommodation
    Other accommodation
    Food and beverages
    Other products and services
    Industry Activities
    Hotel operation
    Hotel management
    Resort operation
    Resort management

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Domestic tourist visitor nights
  • Business tourist nights
  • International travel to Australia
  • Real household discretionary income
  • Consumer sentiment index
  • International travel by Australians

  • Current Performance
  • Profitability
  • Travel trends
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing tourism
  • Profit and competition
  • Table: Hotels and Resorts Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hotels and Resorts Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Travel Agency and Tour Arrangement Services
  • Consumers

  • Key Selling Industries
  • Construction
  • Dairy Produce Wholesaling
  • Fish and Seafood Wholesaling
  • Liquor Wholesaling
  • Meat, Poultry and Smallgoods Wholesaling

  • Products & Services
  • Five- and four-star accommodation
  • Food and beverages
  • Other accommodation
  • Other products and services
  • Chart: Hotels and Resorts Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Domestic leisure tourists
  • International leisure tourists
  • Domestic and international business travellers
  • Other visitors
  • Chart: Major Market Segmentation for the Hotels and Resorts Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Hotels and Resorts

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hotels and Resorts Industry

  • Industry Globalization
    Major Companies
    AAPC Limited
  • Table: AAPC Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hotels and Resorts Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Hotels and Resorts Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Guest Nights
  • Number of guests registered by their length of stay, measured in nights.
  • Inbound Tourism
  • The act of a non-resident visiting Australia.
  • Management Agreement
  • Contract agreements with hotel building owners to manage a hotel on their behalf with guaranteed returns to owner and manager.
  • Outbound Tourism
  • The act of an Australian resident visiting another country.
  • Rack Rate
  • Advertised room rate or tariff, not the rate actually achieved.
  • Tariff
  • A full schedule of fees for the use of accommodation amenities. It includes a disclosure of room rates and other rate information such as taxes and fees.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hotels and Resorts:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hotels and Resorts market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hotels and Resorts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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