Base Year
Historical Year
Forecast Year
Value in AUD million
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 Australia 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 of reducing waste is also implemented. Moreover, technological innovations including smartphone connectivity, and card-based accessibility have increased the safety of individuals against unnecessary invasion in the rooms.
| Australia Travel Accommodation Market Summary | Description | Value |
| Base Year | AUD Billion | 2023 |
| Historical period | AUD Billion | 2018-2023 |
| Forecast Period | AUD Billion | 2024-2032 |
| Market Size 2023 | AUD Billion | 16.61 |
| Market Size 2032 | AUD Billion | 27.58 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.8% |
| CAGR 2024-2032 - Market by Region | Australian Capital Territory | 6.5% |
| CAGR 2024-2032 - Market by Region | Victoria | 5.6% |
| CAGR 2024-2032 - Market by Type | Vacation Rental | 6.6% |
| CAGR 2024-2032 - Market by Mode of Booking | Direct Booking | 9.2% |
| 2023 Market Share by Region | Western Australia | 15.9% |
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 Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Mode of Booking
Market Breakup by Price Point
Market Breakup by Application
Market Breakup by Region
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.
| CAGR 2024-2032 - Market by | Region |
| Australian Capital Territory | 6.5% |
| Victoria | 5.6% |
| New South Wales | XX% |
| Queensland | XX% |
| Western Australia | XX% |
| Others | XX% |
*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.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
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.
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.
| 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:
|
| Breakup by Type |
|
| Breakup by Mode of Booking |
|
| Breakup by Price Point |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Choose the right license for your needs and access rights.
Add the report to your cart with one click and proceed to register.
Choose a payment option for a secure checkout. You will be redirected accordingly.
Pricing Plans
One User
Five Users
Unlimited Users
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
We ensure that you get unmatchable competitive advantage by providing detailed insights about the existing market scenario as well as the emerging and high growth markets.
Regions and Countries with the Highest Number of Returning Clients
Projects delivered with customization
Projects involving industry specific expertise
Analysts Support
Corporates choose us as their preferred partner
Commitment to Excellence
Diverse Teams
Innovative Solutions
Client Centric Approach
Continuous Improvement
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-120-433-0800
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
