The forecasted data for domestic tourism per trip consumption of accommodation services in Australia shows a slight but consistent decline from 2024 to 2028, starting at 30.19 AUD in 2024 and decreasing to 29.55 AUD by 2028. As of 2023, the value stood at 30.36 AUD.
Year-on-year variations are as follows:
- 2024: -0.56%
- 2025: -0.56%
- 2026: -0.53%
- 2027: -0.53%
The CAGR for the period from 2024 to 2028 indicates an average annual decrease of approximately 0.55%.
Future trends to watch for include shifts in economic conditions, changes in domestic travel preferences, potential impacts of inflation on accommodation prices, and the influence of marketing or governmental initiatives to boost domestic tourism. Monitoring these factors will be crucial to accurately anticipating future trends in this sector.
