Report Overview

The Australia travel accommodation market size is projected to grow at a CAGR of 5.80% between 2024 and 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to the ABS, Victoria witnessed an increase of 54.5% in the number of short-term visitors arriving in January 2024.
  • As per Labour Market Insight, in 2023, the employment statistics of the accommodation sector are around 111,200 individuals.
  • According to the ABS, in January 2024, the number of short-term visitors arrived in New South Wales was 240,650.

Australia Travel Accommodation Market Growth

Compound Annual Growth Rate

Value in AUD Million

5.8%

2024-2032


Australia Travel Accommodation Market Outlook

*this image is indicative*

Based on type, the Australia travel accommodation market share is led by hotels 

The growing number of international visitors is boosting the market growth. Furthermore, the domestic tourism is boosted by the increasing number of initiatives taken by the tourism industry to promote tourism.

The travel accommodation market growth is being further driven by factors including an increase in sustainable accommodation facilities in which the use of renewable energy is being carried out and the practice for reducing waste is also implemented. Moreover, technological innovations including smartphone connectivity, and card-based accessibility has increased the safety of the individuals against unnecessary invasion in the rooms.

Some resorts, and hotels are also offering facilities such as yoga and spa treatments to the consumers to help them get better experiences for maintaining their mental wellness. Many travelling platforms also offers individuals with easy cancellations and rescheduling their bookings.

In 2023, the Australia Trade and Investment Commission stated that in the year ending September 2023, the total spending was increased from $20.9 billion to $108.7 billion.

Australia Travel Accommodation Market Segmentation

Australia Travel Accommodation Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Resorts
  • Hotels
  • Hostel
  • Vacation Rental

Market Breakup by Mode of Booking

  • Travel Agency
  • Direct Booking

Market Breakup by Price Point

  • Economy
  • Mid-Range
  • Luxury

Market Breakup by Application

  • Leisure
  • Professional

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

The Australia travel accommodation market key players are Accor SA, Choice Hotels International, Inc., Airbnb, Inc., Expedia, Inc., Rydges Hotels Limited, Quest Serviced Apartments Pty Ltd., Luxury Lodges of Australia Ltd., and Mayfair Hotel among others. 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 5.80% between 2024 and 2032.

The travel accommodation market is growing with an increase in sustainable accommodation facilities, technological innovations, facilities including yoga classes, spa treatments, easy cancellations and rescheduling of the bookings.

Based on the type, the travel accommodation market is bifurcated into resorts, hotels, hostels and vacation rentals.

Key players in the industry are Accor SA, Choice Hotels International, Inc., Airbnb, Inc., Expedia, Inc., Rydges Hotels Limited, Quest Serviced Apartments Pty Ltd., Luxury Lodges of Australia Ltd., and Mayfair Hotel among others.

Based on the mode of booking, the travel accommodation market is divided into travel agency and direct booking.

The different price ranges of travel accommodation include economy, mid-range and luxury.

The market is broken down into New South Wales, Victoria, Queensland, the Australia Capital Territory, Western Australia, and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

Report Features Details
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Mode of Booking
  • Price Point
  • Application
  • Region
Breakup by Type
  • Hotels
  • Resorts
  • Hostel
  • Vacation rental
  • Others
Breakup by Mode of Booking
  • Travel Agency
  • Direct Booking
Breakup by Price Point
  • Economy
  • Mid-Range
  • Luxury
Breakup by Application
  • Leisure
  • Professional
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Accor SA
  • Choice Hotels International, Inc.
  • Airbnb, Inc.
  • Expedia, Inc.
  • Rydges Hotels Limited
  • Quest Serviced Apartments Pty Ltd.
  • Luxury Lodges of Australia Ltd.
  • Mayfair Hotel
  • Others

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