tourism hotel market outlook


Tourism and Hotel Market Outlook

Edition 2, 2017

Deloitte’s 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 - Edition 2

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Edition 2, 2017

The latest Tourism and Hotel Market Outlook reports that Australia’s tourism sector has posted yet another remarkable year of growth, despite a moderation of global economic conditions.

Key insights:
  • International visitor numbers to Australia climbed 8.9% over the past year to 8.5 million, with an additional 700,000 visitors arriving on our shores
  • Growth in trips on the domestic front, has slowed since the February Outlook, with an uptick in corporate travel insufficient to counter the stalling of growth in domestic leisure travel
  • The performance of Australia’s hotel sector was modest in the first half of 2017, with room occupancies averaging 68% on the back of 0.3% growth
  • Global economic conditions remain favourably orientated for Australian tourism
  • Performance of Australia’s hotel sector was modest in the first half of 2017, with national performance weighed down by weaker growth of some markets absorbing new supply and softer demand conditions
  • Further narrowing in the supply-demand growth differential for hotel accommodation, while room rates are forecast to steadily grow over the next three years.

Tourism and Hotel Market Outlook - Edition 2

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