The forecasted domestic overnight tourism consumption of vacation home services in Australia shows a steady growth from 2024 to 2028, starting at AUD 4.85 billion in 2024 and increasing to AUD 5.26 billion in 2028. In 2023, the actual consumption stood at AUD 4.74 billion, showing a positive year-on-year growth rate of approximately 2.32% for 2024. The trend continues with year-on-year increases of around 2.27% to 2.37% each subsequent year. The compound annual growth rate (CAGR) over the five-year period is roughly 2.36%.

Future trends to watch for include the impact of economic conditions on disposable income, potential changes in consumer travel preferences, and the influence of government policies on tourism. Additionally, technological advancements in vacation home services and sustainability practices could also play key roles in shaping demand.

2024: 4.85 Billion AUD
2025: 4.96 Billion AUD
2026: 5.06 Billion AUD
2027: 5.16 Billion AUD
2028: 5.26 Billion AUD