The Bed and Breakfast (B&B) Accommodation industry has faced significant external competitive pressures and a difficult economic climate over the past five years. Although domestic tourism increased, as consumers dealt with economic and financial uncertainty following the global financial crisis, many holidaymakers opted for cheaper accommodation instead of B&Bs. With the high Australian dollar providing incentive for local residents to travel overseas rather than domestically, industry operators struggled to increase their revenue. Consequently, industry revenue is forecast to decline by a compound annual 2.1% over the five years through 2014-15, to be worth $76.6 million.
Industry establishments are primarily engaged in providing short-term hosted accommodation, including breakfast but no other meals. These establishments are typically located within the private residence of the host. The industry does not include hotels, motels, hostels or serviced apartments. The industry also does not include private individuals without an ABN that rent or sublet private residences to consumers for short-term lodging.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.