Household domestic tourism consumption of accommodation services in Australia shows steady growth from 2013 to 2019, peaking at 6.06 billion AUD. In 2020, a massive drop by 43.51% due to COVID-19 impacts resulted in a value of 3.42 billion AUD, then recovering significantly by 62.9% in 2021. By 2023, it stood at 6.36 billion AUD. The average annual growth rate (CAGR) over the last five years (2019-2023) is 1.55%. The trend from 2024 onwards is forecasted to grow at a 5-year CAGR of 1.03%, reaching 6.74 billion AUD by 2028.

Future trends to watch for:

Continued recovery and growth post-pandemic.
Potential impacts of economic factors like inflation and consumer spending.
Influence of emerging technologies and digital platforms on tourism bookings.
Environmental sustainability affecting consumer preferences for eco-friendly accommodations.