Tourism and Hotel Market Outlook
Edition 1, 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.
Edition 1, 2017
- Growth in domestic corporate travel has moderated considerably while holiday travel remained remarkably strong with domestic leisure travel outpacing outbound leisure travel
- International visitor trips have gone from strength to strength - visitor arrivals from China continued to dominate though the rate of growth in visitors from a host of other Asian nations actually outpaced China
- Domestic aviation statistics present a picture of the continued mixed fortunes across the capital cities with strong growth in passenger movements at Sydney and Melbourne airport, while Perth saw a small decline as mining related travel fell
- The outlook for Australia’s major hotel markets reflects highly variable demand side conditions and a development pipeline that will see supply grow more than double its long term average over the next two years.
For information about the Tourism and Hotel Market Outlook, please contact Bryon Merzeo on +61 415 229 200.