Tourism Hotel Market Outlook

Article

Tourism and Hotel Market Outlook

Edition 1, 2018

In the latest Tourism and Hotel Market Outlook, the picture remains remarkably friendly for economic growth which, together with a supportive Australian dollar, sets the scene for continuing growth of Australia’s tourism industry.

Edition 1, 2018

Key insights

  • International visitor arrivals continued to grow strongly, up 6.5% to over 8.8 million visitors in 2017
  • Domestic trips continue to outperform real GDP with consistent growth over the last seven years
  • At the same time that domestic tourism has strengthened, the number of overseas trips by Australians has increased, up 5.2% over the year to 10.5 million trips 
  • Across both international and domestic markets, the leisure segment was outperformed by other segments. Among international visitors, business and education focused travel grew most strongly while for the domestic market, it was business travel and travel to see friends and relatives that showed the strongest growth
  • Global economic conditions remain favourably orientated for Australian tourism with international tourist arrivals outpacing global economic growth over the last three years
  • Domestically, conditions are expected to strengthen with domestic trips forecast to grow by 3.7% p.a. and visitor nights by 3.4% p.a. over the next three years
  • Hotels across the country performed well during 2017, recording gains across key indicators. Room occupancy added one percentage point over the year to reach 68.5%
  • Looking ahead, Australia will see a significant number of new hotel properties come online over the forecast period which will have a strong impact on trading conditions, and limit the opportunity to grow occupancy rates any further in the near term across a number of city hotel markets.
Tourism and Hotel Market Outlook - Edition 1, 2018

The Deloitte Access Economics Tourism and Hotel Market Outlook provides insight and analysis of the trends and issues confronting the Australian tourism and hotel sectors. Both global and domestic economic developments are examined, as well as emerging trends, accompanied by commentary on the underlying drivers.

Against the backdrop of Deloitte Access Economics’ latest economic forecasts, this report forecasts growth in supply, occupancy, room rate and revenue per available room (RevPAR) across the ten major Australian tourism markets.

Tourism and Hotel Market Outlook

Purchase the full report
Did you find this useful?