Australia remains a popular tourist destination. The rise in the number of travellers from Asia is expected to continue, due to the expansion of low-cost carriers, which is likely to benefit the lodging category.
An unprecedented level of investment in hotels has taken place across Australia’s capital cities and regions in recent years. Lifestyle and boutique hotels are emerging in response to changing traveller preferences, in addition to the rise of luxury outlets as a result of the entry of big name international hotel brands.
Traditional tourist lodging was negatively impacted by accommodation providers in the sharing economy in the review period, with short-term rentals seeing much higher current value growth rates than hotels for much of this period. However, there has recently been a backlash against these booking platforms, due to the impact on neighbourhoods.
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Discover the latest market trends and uncover sources of future market growth for the Lodging industry in Australia with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.