Motels in Australia - Industry Market Research Report
Description
Motels in Australia
The Motels industry is gradually recovering from a downturn caused by the COVID-19 pandemic. Border closures and extended lockdowns heavily disrupted tourist activity in Australia during the 2020 and 2021 calendar years, which caused a sharp decline in revenue and profitability of motels in Australia. The Federal Government's closure of Australia's international border from March 2020 to February 2022 led to a collapse in overseas guests, especially in popular tourist destinations. Restrictions on outbound tourism also heightened the willingness of some domestic households to holiday in Australia, partially offsetting the downturn in demand. Overall, industry revenue is expected to decline at an annualised 3.3% over the five years through 2022-23, to $2.7 billion. This includes an anticipated increase of 8.0% in 2022-23, as domestic and international tourist visitor numbers rebound, fuelling a sharp recovery in occupancy rates at motels.
The industry includes motels, private hotels and guest houses. These establishments provide accommodation in the form of rooms or suites, and some provide food and beverages on the property. Most motels have direct access to an open parking area. Most guestrooms are equipped with a bath or shower, but have limited in-room cooking facilities.
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.
The Motels industry is gradually recovering from a downturn caused by the COVID-19 pandemic. Border closures and extended lockdowns heavily disrupted tourist activity in Australia during the 2020 and 2021 calendar years, which caused a sharp decline in revenue and profitability of motels in Australia. The Federal Government's closure of Australia's international border from March 2020 to February 2022 led to a collapse in overseas guests, especially in popular tourist destinations. Restrictions on outbound tourism also heightened the willingness of some domestic households to holiday in Australia, partially offsetting the downturn in demand. Overall, industry revenue is expected to decline at an annualised 3.3% over the five years through 2022-23, to $2.7 billion. This includes an anticipated increase of 8.0% in 2022-23, as domestic and international tourist visitor numbers rebound, fuelling a sharp recovery in occupancy rates at motels.
The industry includes motels, private hotels and guest houses. These establishments provide accommodation in the form of rooms or suites, and some provide food and beverages on the property. Most motels have direct access to an open parking area. Most guestrooms are equipped with a bath or shower, but have limited in-room cooking facilities.
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
42 Pages
- TABLE OF CONTENTS
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
Search Inside Report
Pricing
Currency Rates
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