In Sydney, the luxury segment achieved a lower occupancy rate compared to Melbourne, but due to a higher average daily room rate, performed better in value terms. The stronger results in Sydney can be attributed to the strength of the market and the booming economic activity in the banking, finance, insurance, professional services and construction/infrastructure projects which is causing an increase in overall room demand in Sydney, in addition to demand driven by tourism.
Euromonitor International's Luxury Hotels (5-star plus) in Australia report offers a comprehensive guide to the size and shape of the Luxury Hotels (5-star plus) market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Hotels (5-star plus) retailing along with the development of consumers’ shopping patterns. Forecasts to 2022 illustrate how the market is set to change
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
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Get a detailed picture of the Luxury Hotels (5-star plus) market;
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Use five-year forecasts to assess how the market is predicted to develop.
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