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

King, Brian and McVey, Mike (2006) Hotels in Australia 1988-2003 : a tale of booms and busts. Tourism Economics, 12 (2). pp. 225-246. ISSN 1354-8166

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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.

Item Type: Article
Uncontrolled Keywords: ResPubID11355, hotels, Australia, accommodation, hotel development
Subjects: Faculty/School/Research Centre/Department > School of Hospitality Tourism and Marketing
RFCD Classification > 350000 Commerce, Management, Tourism and Services
Depositing User: VUIR
Date Deposited: 20 Nov 2009 03:15
Last Modified: 26 Jan 2014 04:06
URI: http://vuir.vu.edu.au/id/eprint/168
DOI: 10.5367/000000006777637476
ePrint Statistics: View download statistics for this item
Citations in Scopus: 3 - View on Scopus

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