Social Sciences
8 years ago

$5.3 billion needed for new tourism accommodations in Australia by 2030.

Advances in hospitality and leisure
Trends in Tourism Accommodation Investment in Australia
Mainul Haque

Paper Summary

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The tourism accommodation sector in Australia is a significant contributor to the economy, employing many people and generating billions of dollars. A study looked at past investment trends in this sector and predicted that around 52,800 new rooms will be needed by 2030 to meet tourism demand. This will require an investment of approximately $5.3 billion. The study suggests that based on historical investment patterns, meeting this demand is achievable.