Trends in Tourism Accommodation Investment in Australia

Abstract

The accommodation of the Australian Tourism industry and contributes around $2.9 billion to the tourism gross value employs 18% of all tourism employees annually. Despite this important economic contribution, there is a general lack of information on the investment trends in this sector. This paper highlights the past investment trends and factors that have affected those investment decisions during the last three decades, and provides the estimates of the future investment. Forecast shows that over the next 10 years around 52,800 new rooms will be required to meet the expected tourism demand by 2013 and around $5.3 billion new investment will be required to construct those extra facilities. The historical patterns of investment in the sector suggest that this expected requirement for new investment is readily achievable.

Citation

Haque, M. (2006), "Trends in Tourism Accommodation Investment in Australia", Chen, J.S. (Ed.) Advances in Hospitality and Leisure (Advances in Hospitality and Leisure, Vol. 2), Emerald Group Publishing Limited, Leeds, pp. 215-238. https://doi.org/10.1016/S1745-3542(05)02011-4