Hotels in Australia 1988–2003: A Tale of Booms and Busts

Brian King and Mike McVey
Additional contact information
Brian King: Centre for Hospitality and Tourism Research, Faculty of Business and Law, Victoria University, PO Box 14428 MC, Melbourne, Victoria 8001, Australia
Mike McVey: (At time of writing) Centre for Hospitality and Tourism Research, Victoria University, Australia.*

Tourism Economics, 2006, vol. 12, issue 2, 225-246

Abstract: This paper reviews the development of Australia's hotel sector over a 15-year period and uses that analysis as the basis for suggesting the likely shape of future developments. The underlying dynamics of hotel development and subsequent performance are shown to reflect a continuing pattern of boom and bust. The late 1980s were characterized by a building boom in the lead-up to the Bicentennial and World Expo celebrations. This was soon followed by a bust during the recession of the early 1990s. In the lead-up to the 2000 Olympics, another building boom occurred, particularly in Sydney, leading to a predictable oversupply of rooms and subsequent stalling of construction during 2003. A change has been evident among developers, who are moving away from their view of hotels as a component of commercial property development towards a stronger connection between inner-city residential apartment developments and hotels.

Keywords: accommodation; hotel development; Australia (search for similar items in EconPapers)
Date: 2006
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.5367/000000006777637476 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:12:y:2006:i:2:p:225-246

DOI: 10.5367/000000006777637476

Access Statistics for this article

More articles in Tourism Economics
Bibliographic data for series maintained by SAGE Publications ().