Beyond Dawlish
Australia Hotel Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 11.90% (2024-2032)
The hospitality industry in Australia showcases a vibrant and dynamic landscape, offering exceptional experiences to travelers with its world-class accommodations and services. According to the latest report by IMARC Group, the Australia hotel market size reached USD 6.74 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 17.23 Billion by 2032, exhibiting a growth rate (CAGR) of 11.90% during 2024-2032.
Australia Hotel Industry Trends and Drivers:
The Australia hotel market is expanding rapidly, owing to several interconnected factors. Primarily, the market is driven by the support of the government bodies for hospitality infrastructure, a booming tourism sector, and rising demand from both local and foreign tourists. Besides this, high occupancy rates are seen in important cities like Sydney, Melbourne, and Brisbane, bolstered by important events, corporate travel, and leisure travel. Additionally, the recovery of international travel post-pandemic has led to increased inbound tourism, strengthening the Australia hotel market. In line with these factors, the investments of the government bodies in tourism campaigns and infrastructure improvements, such as airport expansions and urban transit projects, have made the country more accessible and appealing to tourists, which has significantly boosted demand for hotel accommodations.
Significant trends in the Australia hotel market include a shift towards eco-friendly practices and the integration of technology to enhance guest experiences. Meanwhile, hotels are adopting sustainable practices, such as reducing plastic use, improving energy efficiency, and sourcing local ingredients, catering to environmentally conscious travelers. Furthermore, the use of technology, including mobile check-in, keyless entry, and personalized digital services, has become prevalent to provide a seamless guest experience. In addition to these factors, the rise of boutique and lifestyle hotels, which offer unique, culturally immersive experiences, also reflects changing consumer preferences. As Australia’s tourism industry propels, the hotel market is expected to expand, with sustainability and innovation playing central roles in shaping future developments. Consequently, the convergence of these factors is anticipated to propel the growth of the Australia hotel market in the coming years.
Download sample copy of the Report: https://www.imarcgroup.com/australia-hotel-market/requestsample
Australia Hotel Industry Segmentation:
The report has segmented the market into the following categories:
Hotel Type Insights:
- Business/Commercial Hotels
- Boutique Hotels
- Resort Hotels
- Casino Hotels
- Transit Hotels
- Bed and Breakfast Hotels
- Others
Business Model Insights:
- Independent
- Chain
Room Capacity Insights:
- Small
- Medium
- Large
- Very Large
Price Level Insights:
- Luxury
- Upscale
- Midscale
- Economy
Regional Insights:
- Australia Capital Territory & New South Wales
- Victoria & Tasmania
- Queensland
- Northern Territory & Southern Australia
- Western Australia
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current, and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
Street: Morgan Park QLD 4370
City/Town: Warwick
State/Province/Region: Queensland
Country: Australia
Zip/Postal Code: 4370
Email: sales@imarcgroup.com
Phone Number: 1-631-791-1145
