The domestic tourism expenditure on accommodation services in Australia has exhibited fluctuations over the past decade. In 2023, the value stood at AUD 13.2 billion. Year-on-year variations range from a low of -11.91% in 2019 to a high of 4.39% in 2017. The average compound annual growth rate (CAGR) over the past five years reflects a modest decline at -0.6%. Looking forward from 2024 onwards, the forecasted CAGR for the next five years is 0.46%, highlighting a relatively stable period with projected growth of 2.31% by 2028.

Future trends to watch for:

Impact of global economic conditions on domestic tourism.
Influence of governmental policies and marketing strategies on tourism recovery post-COVID-19.
Emerging trends in sustainable and eco-friendly accommodations.