What’s in the report?

Examples of insights from the August 2017 report include:

  • International visitor numbers to Australia climbed 8.9% over the past year to 8.5 million, with an additional 700,000 visitors arriving on our shores
  • Growth in trips on the domestic front, has slowed since the February Outlook, with an uptick in corporate travel insufficient to counter the stalling of growth in domestic leisure travel
  • The performance of Australia’s hotel sector was modest in the first half of 2017, with room occupancies averaging 68% on the back of 0.3% growth
  • Global economic conditions remain favourably orientated for Australian tourism
  • Performance of Australia’s hotel sector was modest in the first half of 2017, with national performance weighed down by weaker growth of some markets absorbing new supply and softer demand conditions
  • Further narrowing in the supply-demand growth differential for hotel accommodation, while room rates are forecast to steadily grow over the next three years.

 

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