In 2023, the per trip consumption value for vacation home services in Australia stood at 15.67 Australian Dollars. The forecasted data for the coming years indicate a gradual upward trend, with expected values of 15.84 AUD in 2024, climbing annually to reach 16.50 AUD in 2028. From 2024 to 2025, the year-on-year variation is projected at approximately 1.07%, and from 2025 to 2026, it is 1.06%. The compounded annual growth rate (CAGR) from 2024 to 2028 is estimated to be around 1.03% per year.
Future trends to watch for include potential fluctuations in domestic travel demand due to economic conditions, the impact of travel regulations, and the evolution of consumer preferences towards vacation homes versus other accommodation types. Monitoring these factors can provide insight into whether the steady growth observed in the forecast can be sustained, accelerated, or faces potential slowdowns.
