Australia Hotels And Resorts Market Overview
Market Size in 2024: USD 31.40 Billion
Market Forecast in 2033: USD 82.80 Billion
Market Growth Rate: 11.40% (2025-2033)
According to the latest report by IMARC Group, the Australia hotels and resorts industry was valued at USD 31.40 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 82.80 Billion by 2033, exhibiting a CAGR of 11.40% from 2025-2033.
Australia Hotels And Resorts Industry Trends and Drivers:
Driven by several elements shaping the future of the hospitality sector, the Australia hotels and resorts market is now experiencing considerable expansion. One important factor is the growing local and international tourism, which includes more and more travelers looking for business as well as pleasure opportunities there. Australia's extensive cultural legacy, stunning scenery, and world-class tourist attractions are inspiring local visitors as well as international ones to discover its varied gifts. As more tourists give sustainability and high quality top priority, the demand for opulent, environmentally friendly places is also growing. Hotels and resorts are including environmental building materials, energy-efficient systems, and waste reduction initiatives in response to the growing consciousness of travelers, so appealing with contemporary environmentally conscious customers. Accommodations matching sustainable development objectives are therefore becoming more and more sought after, hence fueling market expansion.
The incorporation of cutting-edge digital technology is another important driver of the growth of the hotels and resorts sector in Australia. These tools are boosting operational efficiency and enhancing the guest experience. From flawless online booking systems and contactless check-ins to customized service via artificial intelligence and smart room elements, digital transformation is critically improving the entire experience for visitors. To simplify operations, lower costs, and provide tailored guest services, hoteliers are progressively using automation and smart technologies. By embracing technology-driven solutions, hotels and resorts are able to stay relevant in a fast changing industry and satisfy the demands of tech-savvy customers. Digital innovation is likely to further define Australia's hospitality sector as it develops.
Additionally driving the market's expansion are rising expenditures on the opulent sector. Particularly among wealthy tourists looking for unique experiences and upscale amenities, luxury hotels and resorts are seeing a spike in demand. To the increasing number of high-net-worth people coming to Australia, these businesses are providing a range of luxury amenities including private villas, curated eating experiences, and wellness centers. The rise of "experiential travel," in which visitors look for unusual and unforgettable experiences outside of conventional lodgings, further drives this trend. Particularly in well-known vacation spots, the constant growth of new, high-end hotels and resorts will help to solidify the market's status and make it a profitable investment prospect. These elements, which are projected to help Australia's hotels and resorts sector continue to expand as the hospitality business changes, will provide fresh chances for local as well as worldwide participants.
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Australia Hotels And Resorts Industry Segmentation:
The report has segmented the market into the following categories:
Products and Services Insights:
- Medium-End hotel Accommodations
- High-End hotel Accommodations
- Low-End hotel Accommodations
- Resort Accommodations
Regional Insights:
- Australia Capital Territory & New South Wales
- Victoria & Tasmania
- Queensland
- Northern Territory & Southern Australia
- Western Australia
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Australia Hotels and resorts Market News:
- In August 2024, the Marriot group announced the introduction of the Adelaide Hotel, a seamless blend of heritage architecture with modern interiors. The 16-floor property offers 285 spacious rooms, luxury amenities like an 18-meter indoor pool, a fitness studio, and executive dining, all within walking distance of Adelaide’s top attractions.
- In November 2024, IHG Hotels & Resorts, in collaboration with Felix Capital, announced the debut of voco Maroochydore Sunshine Coast in 2028. Located on Ocean Street, the 153-room hotel will feature a pool, spa, restaurant, event spaces, and luxury residences, supporting regional growth ahead of the Brisbane 2032 Olympics.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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