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Australia Travel Accommodation Market Size, Share, Forecast: By Type: Hotels, Resorts, Hostel, Vacation rental, Others; By Mode of Booking: Travel Agency, Direct Booking; By Price Point: Economy, Mid-Range, Luxury; By Application: Leisure, Professional; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Australia Travel Accommodation Market Outlook
The Australia travel accommodation market size is projected to grow at a CAGR of 5.8% between 2024 and 2032.
Key Takeaways
- The Australian Bureau of Statistics indicated a January 2024 increase of 191,360 short-term visitor arrivals, reaching a total of 603,770 trips for the year.
- According to the Australian Bureau of Statistics, the total arrivals in January 2023 reached 2,122,070, showing an annual increase of 514,060, which contributed to the growth of the Australia travel accommodation market.
- According to data from the Australian Bureau of Statistics, the value of new residential constructions surged by 19.4% to $7.14 billion, while non-residential building values climbed by 12.4% to $4.92 billion in January 2024.
Online travel agencies contribute to the Australia travel accommodation market growth by enabling users to conveniently browse and reserve accommodations, flights, and activities from any location with internet access
Online travel agencies (OTAs) facilitate simple browsing and reservation of accommodations, flights, and activities, available round-the-clock. They present comparative pricing, an extensive array of choices, user feedback, and customer assistance, enriching the booking process.
In September 2023, the B2B online travel reservations platform, RezLive, was launched in Australia in collaboration with AVIAREPS. Offering a vast inventory of hotel rooms, tours, and transfers worldwide, the company exclusively catered to travel advisors, marking its entry into the Australian market.
Direct bookings ensure the best price assurance through unique rates and price-matching strategies. Guests benefit from direct interaction with accommodations, adaptable terms, loyalty schemes, guaranteed room availability, and contributions to local economies.
Market Segmentation
Australia Travel Accommodation Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Hotels
- Resorts
- Hostel
- Vacation rental
- Others
Market Breakup by Mode of Booking
- Travel Agency
- Direct Booking
Market Breakup by Price Point
- Economy
- Mid-Range
- Luxury
Market Breakup by Application
- Leisure
- Professional
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia travel accommodation market key players are Accor SA, Choice Hotels International, Inc., Airbnb, Inc., Expedia, Inc., Rydges Hotels Limited, Quest Serviced Apartments Pty Ltd., Luxury Lodges of Australia Ltd., and Mayfair Hotel among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Mode of Booking |
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| Breakup by Price Point |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Travel Accommodation Market Overview
8.1 Key Industry Highlights
8.2 Australia Travel Accommodation Historical Market (2018-2023)
8.3 Australia Travel Accommodation Market Forecast (2024-2032)
9 Australia Travel Accommodation Market by Type
9.1 Hotels
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Resorts
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Hostel
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Vacation rental
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Others
10 Australia Travel Accommodation Market by Mode of Booking
10.1 Travel Agency
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Direct Booking
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Travel Accommodation Market by Price Point
11.1 Economy
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mid-Range
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Luxury
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Australia Travel Accommodation Market by Application
12.1 Leisure
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Professional
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Australia Travel Accommodation Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Accor SA
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Choice Hotels International, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Airbnb, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Expedia, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Rydges Hotels Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Quest Serviced Apartments Pty Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Luxury Lodges of Australia Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Mayfair Hotel
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Travel Accommodation Market: Key Industry Highlights, 2018 and 2032
2. Australia Travel Accommodation Historical Market: Breakup by Type (USD Million), 2018-2023
3. Australia Travel Accommodation Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Australia Travel Accommodation Historical Market: Breakup by Mode of Booking (USD Million), 2018-2023
5. Australia Travel Accommodation Market Forecast: Breakup by Mode of Booking (USD Million), 2024-2032
6. Australia Travel Accommodation Historical Market: Breakup by Price Point (USD Million), 2018-2023
7. Australia Travel Accommodation Market Forecast: Breakup by Price Point (USD Million), 2024-2032
8. Australia Travel Accommodation Historical Market: Breakup by Application (USD Million), 2018-2023
9. Australia Travel Accommodation Market Forecast: Breakup by Application (USD Million), 2024-2032
10. Australia Travel Accommodation Historical Market: Breakup by Region (USD Million), 2018-2023
11. Australia Travel Accommodation Market Forecast: Breakup by Region (USD Million), 2024-2032
12. Australia Travel Accommodation Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The travel accommodation market is categorised according to type, which includes hotels, resorts, hostels, vacation rentals and others.
The key players are Accor SA, Choice Hotels International, Inc., Airbnb, Inc., Expedia, Inc., Rydges Hotels Limited, Quest Serviced Apartments Pty Ltd., Luxury Lodges of Australia Ltd., and Mayfair Hotel among others.
Based on the price point, the market is divided into economy, mid-range and luxury.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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