In 2024, Airbnbs in Perth, Western Australia, had the highest average occupancy rates across the Australian cities and regions represented, with an average occupancy of around 84 percent. Airbnbs in Brisbane and Sydney had the next highest occupancy rates that year.

As of April 2022, one bedroom Airbnbs in Perth and Darwin accounted for the highest occupancy rates across Airbnbs in Australia, at 53 percent occupancy. Melbourne had the lowest airbnb occupancy rate at 38 percent.

Comprehensive Airbnb dataset for Melbourne, Australia providing detailed vacation rental analytics including property listings, pricing trends, host information, review sentiment analysis, and occupancy rates for short-term rental market intelligence and investment research.

Comprehensive Airbnb dataset for Sydney, Australia providing detailed vacation rental analytics including property listings, pricing trends, host information, review sentiment analysis, and occupancy rates for short-term rental market intelligence and investment research.

The Serviced Apartments industry has experienced significant volatility in recent years. The outbreak of the COVID-19 pandemic saw a drastic drop in occupancy rates because of international and domestic travel restrictions, posing a significant challenge to meeting fixed costs. Government stimulus like the JobKeeper payment scheme and strategic diversification of revenue sources helped businesses survive the pandemic years. Easing restrictions in 2022 saw a tourism revival, boosting occupancy rates and profit margins. Industry employment surged as establishments hired additional casual staff to meet rebounding demand. Pre-pandemic investments in new serviced apartments also facilitated growth in business numbers. The surge in luxury travel has been a significant performance enhancer, directly fuelling profitability and contributing to the industry's revenue growth since the pandemic. With Australia approaching record levels of international travel in 2024-25, the luxury serviced apartment market shows promise of continued growth. Occupancy rates in some popular locations have already eclipsed pre-pandemic benchmarks, which has boosted revenue across the industry. Overall, the industry's robust recovery has resulted in an estimated annualised revenue growth of 7.6% over the last five years, reaching $6.1 billion. This figure includes an expected hike of 0.4% in 2024-25 as international travel approaches peak capacity. The Serviced Apartments industry is poised for growth over the next few years, with an anticipated annualised 1.1% increase through the end of 2029-30, amounting to an estimated $6.5 billion. Record international tourist numbers will propel this growth, while rising household incomes will foster domestic tourism. Even so, the ever-growing threat from alternative accommodations, like Airbnb, and the Hotels and Resorts industry will intensify competition, compelling serviced apartment providers to reduce prices to retain occupancy rates. Large conglomerates are set to strengthen their market hold by expanding their establishment numbers. Their global brand recognition will continue to offer a competitive advantage over smaller players in attracting business and international travellers.

Comprehensive Airbnb dataset for Adelaide, Australia providing detailed vacation rental analytics including property listings, pricing trends, host information, review sentiment analysis, and occupancy rates for short-term rental market intelligence and investment research.

Comprehensive Airbnb dataset for Sunshine Coast Regional, Australia providing detailed vacation rental analytics including property listings, pricing trends, host information, review sentiment analysis, and occupancy rates for short-term rental market intelligence and investment research.

Comprehensive Airbnb dataset for Greater Brisbane, Australia providing detailed vacation rental analytics including property listings, pricing trends, host information, review sentiment analysis, and occupancy rates for short-term rental market intelligence and investment research.

According to data from the UNWTO, there were around ***** hotels and similar establishments in Australia in 2021. This reflected an increase from approximately ***** hotels and similar establishments across the country in 2011. Hotel industry in Australia Australia is a popular travel destination, welcoming millions of tourists every year. Since 2022, the country’s tourism and hotel sector has been on the road to recovery after Australia’s international travel ban was lifted in February that year. In 2021, the number of rooms in hotels and similar accommodation establishments in Australia increased, with hotel occupancy rates recovering across all states. Nevertheless, the gross value added of hotels and similar accommodation establishments to Australia’s economy witnessed a slight decrease in value that year. Private accommodation in Australia The leading accommodation types for international visitors to Australia are rented houses or apartments, as well as a friend or relative’s property. In 2022, the leading websites for hotel or private accommodation online bookings in Australia were booking.com and Airbnb. Melbourne was the leading location for Airbnb listings in Australia as of February 2019, followed by Surfers Paradise in Queensland and Point Nepean in Victoria.

Comprehensive Airbnb dataset for Gold Coast City, Australia providing detailed vacation rental analytics including property listings, pricing trends, host information, review sentiment analysis, and occupancy rates for short-term rental market intelligence and investment research.