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 hotel industry in Australia has had a huge transformation over the last couple of years. Changes in consumer habits, new tech, and global events, such as COVID-19, have caused this shift. Experiential travel is becoming popular. Guests now prefer unique, eerie experiences instead of traditional stays at heritage hotels. Now, there are more boutique hotels and eco-designs. This is true, especially in areas where travelers want sustainability and recognition. They seek more than nature; they want green options and unique places to stay. Smart technology sets hotels apart. Investors provide contactless check-in, self-service AI, and improved guest comfort and safety. It has also boosted occupancy at regional and beach spots. Many Australians traveled within their own country during the pandemic. This was because of strict travel rules. They are now exploring their backyards.

 

This trend meets the growing demand from remote workers and digital nomads. They need flexible spaces that blend work and leisure. This rise is a response to growing demand. Labor shortages and high costs have challenged the industry. So, hoteliers are looking for creative ways to staff and use automation. These solutions help them stay profitable. Investor confidence is strong, so money flows into new property developments and renovations. These forces will shape the future of Australia’s hospitality scene. Key factors include sustainability, technology, and flexible conditions. These elements will help the market adjust to post-pandemic realities.

 

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