Overview

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

IBISWorld’s Hotels and Resorts market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

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 Analysis Chapter

The Hotels and Resorts industry has rebounded over the past five years, recovering from a period of sluggish growth in the previous five-year period. The depreciation of the Australian dollar since 2013-14, and rising discretionary incomes have encouraged a greater number of Australian residents to travel domestically over the past five years, which has boosted demand from domestic leisure tourists. In addition, business tourist nights have also increased, in part due to businesses’ rising optimism regarding their financial situations, which has been reflected in a largely positive business confidence index over the past five years. Rising business tourist nights have supported industry revenue growth through increased demand.

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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 Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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