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Australia hotels and camping sites market reached a value of A$10.7Bn in 2010

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Hotels and Camping Sites in Australia: ISIC 551 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-02 05:39:01
Over the review period of 2000-2010 the Australian market for hotels and camping sites increased by 43% and reached a value of A$10.7 billion. Growth was uneven, and the market faced contractions in 2001, 2006 and 2009, but there were also years with double-digit growth rates. As a result the average growth amounted to 4% per annum over the decade.

The main buyer group with a 60% share was households. However, business travel is also an important driver of the market, hence B2B customers accounted for another significant 40% share in 2010, five percentage points more than in 2000. Government´s share averaged to less than 0.1%.

Although outbound tourism measured in number of tourists did not face contraction, the decline in domestic tourism led to a market dip of 3%. Many operators were forced into price competition in order to attract consumers.

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