Travel & Tourism - Australia

  • Australia
  • Revenue in the Travel & Tourism market is projected to reach US$14.21bn in 2023.
  • Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2.62%, resulting in a projected market volume of US$15.76bn by 2027.
  • The market's largest segment is Hotels with a projected market volume of US$6.75bn in 2023.
  • In the Hotels, the number of users is expected to amount to 12.4m users by 2027.
  • User penetration is 71.1% in 2023 and is expected to hit 76.9% by 2027.
  • The average revenue per user (ARPU) is expected to amount to US$0.76k.
  • In the Travel & Tourism market, 76% of total revenue will be generated through online sales by 2027.
  • In global comparison, most revenue will be generated in the United States (US$190.40bn in 2023).
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