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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in Australia

Jan 2021

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

International travel bans devastate luxury hotel bookings in 2020

International travel bans as a result of the pandemic greatly impacted bookings for luxury hotels. In an attempt to control the spread of COVID-19, Australia introduced a ban on the arrival of all non-citizens or permanent residents from 20 March 2020, with the exception of an air bubble with New Zealand towards the end of the year.

Luxury hotels try to maintain sales by using various strategies in 2020

Hotels have had to use different strategies to generate cashflow and fight for survival during COVID-19. For instance, Marriott Australia & NZ’s Pier One Hotel remained opened during 2020 but implemented safety measures to ensure customers’ stays are comfortable and safe.

Palazzo Versace Gold Coast’s maintenance delayed due to international travel ban thanks to the pandemic

Conversely, other hotels were closed during the country-wide lockdown in the second quarter of 2020 or used the opportunity for renovations and maintenance at their establishments. Versace SpA’s Palazzo Versace Gold Coast, for example, was closed during the initial lockdown, from the start of April until June 2020 and closed again for maintenance until the beginning of August.

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in Australia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Hotels (5-star plus) industry in Australia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in Australia market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Hotels (5-star plus) in Australia?
What are the major brands in Australia?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Travel and Tourism market research database

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Luxury Hotels in Australia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

International travel bans devastate luxury hotel bookings in 2020

Luxury hotels try to maintain sales by using various strategies in 2020

Palazzo Versace Gold Coast’s maintenance delayed due to international travel ban thanks to the pandemic

RECOVERY AND OPPORTUNITIES

Luxury hotels likely to benefit over the forecast period as a result of diligent following of safety protocols due to larger budgets

Luxury hotels likely to benefit from domestic tourism but unlikely to recover before borders open again

Fairmont to build a new luxury hotel in Queensland by 2023

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2015-2020
Table 2 Sales in Luxury Hotels: % Value Growth 2015-2020
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2015-2020
Table 4 NBO Company Shares in Luxury Hotels: % Value 2015-2019
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2016-2019
Table 6 Forecast Sales in Luxury Hotels: Value 2020-2025
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2020-2025

Luxury Goods in Australia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Luxury Hotels in Australia

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

International travel bans devastate luxury hotel bookings in 2020

Luxury hotels try to maintain sales by using various strategies in 2020

Palazzo Versace Gold Coast’s maintenance delayed due to international travel ban thanks to the pandemic

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Luxury Hotels in Australia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

International travel bans devastate luxury hotel bookings in 2020

Luxury hotels try to maintain sales by using various strategies in 2020

Palazzo Versace Gold Coast’s maintenance delayed due to international travel ban thanks to the pandemic

RECOVERY AND OPPORTUNITIES

Luxury hotels likely to benefit over the forecast period as a result of diligent following of safety protocols due to larger budgets

Luxury hotels likely to benefit from domestic tourism but unlikely to recover before borders open again

Fairmont to build a new luxury hotel in Queensland by 2023

CATEGORY DATA

Luxury Goods in Australia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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