The forecast for international tourism per trip consumption of accommodation services in Australia shows a slight but consistent decline from 2024 to 2028. Actual consumption in 2023 was at a higher level, indicating a year-on-year decrease of around 0.3% to 0.4% over the next few years. Over the last two years, this decline averages approximately 0.35% annually.
When considering the Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028, the average variation per year is declining by approximately 0.35%. This points to a mildly contracting expenditure trend in the next few years.
Future trends to watch for include potential changes in international travel regulations, evolving tourist preferences, and fluctuations in the global economic climate which could either mitigate or exacerbate this declining trend.
