Tourism and Hotel Market Outlook Q1 2013
International visitor arrivals – and hotel pipeline – continue to grow
In our latest Tourism and Hotel Market Outlook, and the first for 2013, we look at the issues and emerging trends faced by Australia’s tourism and hotel sectors – both today and over a three-year forecast period.
Key insights in the Tourism and Hotels Market Outlook report include:
- A strengthening hotel investment and construction pipeline, with the announcement of plans for a number of major new hotels in capital cities
- An outlook of continued growth in capital city room rates and occupancies, with the latter climbing further into unchartered territory
- Robust growth in international visitor arrivals driven by emerging Asian markets, as well as some recovery among traditional markets, including the United States and Japan
- An encouraging outlook for domestic travel on the back of strong, but volatile growth over 2012, and an accelerating trend toward shorter domestic trips.