Hotels in Australia 1988-2003: A tale of booms and busts

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5 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)225-246
Number of pages22
JournalTourism Economics
Volume12
Issue number2
DOIs
Publication statusPublished - 1 Jan 2006
Externally publishedYes

Keywords

  • Accomodation
  • Australia
  • Hotel development

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Tourism, Leisure and Hospitality Management

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