Hostel demand from international and domestic backpackers has stagnated in recent years, creating difficult operating conditions for this industry. Australians continue to take advantage of cheap international airfares and relatively low costs for accommodation and related travel expenses, assisted by the rising Australian dollar. An estimated 30% of the Australian population, or about 7.0 million people, are expected to travel overseas for their holidays in 2012-13. These factors are negatively affecting the Holiday Houses, Flats and Hostels industry.
Companies in this industry operate holiday houses, units and apartments, as well as backpacker hostels and other accommodation for short-term rental. The industry excludes hotels, resorts, serviced apartments, motels, guesthouses, caravan parks and camping grounds.
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.