From 2013 to 2023, Australia's household expenditure on restaurants and hotels has seen significant fluctuations, influenced heavily by external factors such as the pandemic. The expenditure grew steadily from 2013 until 2018, followed by a sharp decline in 2019 and 2020. A robust recovery is evident from 2021 onwards, culminating in a notable spike by 2023, where it stood at 117.64 billion AUD. This figure represents a year-on-year increase of 23.22% in 2023 and a remarkable 5-year CAGR of 9.25% leading up to this year.

Looking ahead, expenditure is expected to continue its upward trajectory, with forecasted values indicating strong growth. Key future trends to watch include:

The growing role of digital and contactless services in dining and hotel experiences.
Potential shifts in consumer preferences due to economic fluctuations and external global events.
An increasing emphasis on sustainability and local sourcing, impacting spending behaviors.