Australia tourism investment monitor 2012
INVESTMENT
MONITOR
2012
TOURISM
INVESTMENT
MONITOR
2012
ISBN 978-1-922106-01-8 (Print)
ISBN 978-1-922106-02-5 (PDF)
Tourism Research Australia
Department of Resources, Energy and Tourism
GPO Box 1564
Canberra ACT 2601
ABN 46 252 861 927
Email: tourism.research@ret.gov.au
Web: www.ret.gov.au/tra
Publication date: May 2012
This work is licensed under a Creative Commons Attribution 3.0 Australia licence. To the extent that copyright subsists in third party quotes and diagrams it remains with the original owner and permission may be required to reuse the material.
This work should be attributed as Tourism Investment Monitor 2012, Tourism Research
Australia, Canberra.
Enquiries regarding the licence and any use of work by Tourism Research Australia are welcome at tourism.research@ret.gov.au
ii
TOURISM INVESTMENT MONITOR 2012
Contents
Executive summary
v
Introduction
1
The role of this report
1
Data sources and project thresholds
2
The tourism investment environment
2
Key tourism industries: Latest trends in investment and supply
4
Accommodation
4
The development cycle and growth in industry stock
4
Recent industry transactions
7
Key messages for accommodation investment
8
Transport (aviation)
11
Australia’s aviation supply and demand: Recent trends
11
Aircraft investment
12
Stock and investment in transport infrastructure (in aggregate)
13
Remaining competitive
14
Key messages for aviation investment
15
Australia’s leisure tourism infrastructure (Arts and recreation services)
16
Investment in leisure tourism industries
17
Key messages for Arts and recreation services investment
19
Conclusion
21
Appendix 1
23
Appendix 2
25
Glossary
26
References
30
Discussion of data sources
32
TOURISM INVESTMENT MONITOR 2012
iii
Figures
Figure 1:
Investment trends: Mining