The forecast for international tourism per trip consumption of vacation home services in Australia shows a steady upward trend from 2024 to 2028. In 2023, the actual value stood at 135 Australian Dollars. The projected values for the years 2024, 2025, 2026, 2027, and 2028 are 136.64, 138, 139.34, 140.66, and 141.94 Australian Dollars, respectively.
Year-on-year variation percentages over the last two years are:
- 2023 to 2024: 1.21%
- 2024 to 2025: 0.99%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates an average annual increase of approximately 0.93%.
Future trends to watch for include potential impacts of global economic conditions on tourism, technological advancements in vacation home services, and shifts in consumer preferences towards sustainable and unique vacation experiences. Monitoring these trends will be crucial for stakeholders in the tourism sector.
