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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 | Sep 2016

Making room: Rising international travel to Australia is expected to boost industry revenue

IBISWorld’s Hotels and Resorts market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
2.3%
Annual Growth 17-22
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Profit
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Employment
68,053
Businesses
371
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. Consequently, the industry has recovered from the period of weak growth in the five years through 2011-12, caused by reduced demand from the corporate and tourist segments. Despite strong demand from domestic, overseas and business tourists, hotels and resorts have faced heavy competition from other forms of accommodation over the past five years. In particular, competition from serviced apartments has limited industry growth... purchase to read more

Industry Report - Starting a New Business Chapter

The industry is characterised by moderate barriers to entry, and this is expected to have remained relatively steady over the past five years. Regulatory hurdles required to operate in the industry are low, although training and licences in other aspects of the hospitality sector are often required. Construction of a hotel involves significant investment for land purchase, construction and outfitting costs. Entry costs into the industry can be lowered by entering into management agreements or franchising agreements with building owners. The split in responsibilities between hotel property owners, investors and operators or managers facilitates a greater ability to enter the industry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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
Low-end hotel roomsHigh-end hotel roomsFood and beveragesOther services
 
Industry Activities
Hotel operationHotel managementResort operationResort management


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