Hotels and Resorts in Australia - Industry Market Research Report
Description
Hotels and Resorts in Australia
Hotels and resorts have faced volatile trading conditions since the COVID-19 outbreak in March 2020. Tourism activity in Australia collapsed, following the Federal Government's closure of Australia's international border from March 2020 to February 2022. Hotels and resorts were forced to shift their focus towards a domestic clientele to attract guests. Yet, intermittent state border closures and extended city-wide lockdowns during the 2020 and 2021 calendar years also restricted domestic travel. A steep decline in business, domestic and international traveller volumes caused a period of very low occupancy rates at Australian hotels and resorts. This trend severely affected industry-wide profitability, as most hotels and resorts struggled to cover their fixed costs. Overall, revenue has declined by 4.2% to an expected $10.7 billion over the five years through 2022-23.
Industry players generate revenue from operating hotels and resorts of various sizes. In addition to providing accommodation, most hotels and resorts also earn income by providing food and beverage options for guests.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Hotels and resorts have faced volatile trading conditions since the COVID-19 outbreak in March 2020. Tourism activity in Australia collapsed, following the Federal Government's closure of Australia's international border from March 2020 to February 2022. Hotels and resorts were forced to shift their focus towards a domestic clientele to attract guests. Yet, intermittent state border closures and extended city-wide lockdowns during the 2020 and 2021 calendar years also restricted domestic travel. A steep decline in business, domestic and international traveller volumes caused a period of very low occupancy rates at Australian hotels and resorts. This trend severely affected industry-wide profitability, as most hotels and resorts struggled to cover their fixed costs. Overall, revenue has declined by 4.2% to an expected $10.7 billion over the five years through 2022-23.
Industry players generate revenue from operating hotels and resorts of various sizes. In addition to providing accommodation, most hotels and resorts also earn income by providing food and beverage options for guests.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
83 Pages
- 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 Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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