In 2022, Australia's decision to reopen its borders contributed significantly to the rebound in travel and tourism. However, the expected surge in international arrivals did not materialise as quickly as anticipated.
Airlines faced significant revenue losses during the pandemic. With the resurgence of travel demand in 2023, airline revenues have rebounded notably.
In 2022, lodging in Australia experienced a robust performance in terms of value sales growth, primarily fuelled by the resurgence of domestic tourism. Notably, this growth was particularly pronounced in remote areas and all-inclusive hotels and resorts.
In 2022, the travel industry started to recover as pandemic-related restrictions eased, enabling local consumers to plan domestic trips. Online travel agencies (OTAs) experienced significant growth during this period, as travellers found it convenient to customise their trips using online platforms.
The integration of booking capabilities into consumers’ daily lives is still an ongoing process, with more than half of online travel agencies (OTA) yet to fully develop their mobile platforms, as noted by Euromonitor International’s Voice of the Industry: Travel Survey, fielded April 2022 (n=494). Looking ahead to the future of travel, the Euromonitor International Voice of the Industry: Travel Survey, also fielded April 2022 (n=501) suggests that the adoption of technologies such as artificial intelligence (AI) and big data analytics will play a pivotal role in enhancing consumers' travel experiences.
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Understand the latest market trends and future growth opportunities for the Travel industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Travel industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Travel
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.
See All of Our DefinitionsThis report originates from Passport, our Travel research and analysis database.
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