Savills Australian Hotel Transaction Review 2025

DOMESTIC TOURISM In contrast, domestic visitor nights are expected to remain broadly stable in 2025, in line with the prior year. Looking ahead, TRA forecasts modest growth in domestic visitor nights of approximately 1% to 3% per annum over the next few years, providing a stable revenue base beneath international recovery. The relatively subdued growth in 2025 is largely attributable to cost- of-living pressures and broader economic conditions, which have influenced Australians to travel closer to home and undertake shorter trips. TRA expects gradual improvement in domestic tourism demand as economic conditions ease. TOURISM OUTLOOK (CONT.) Source: TRA Visitor nights (in millions) DOMESTIC VISITOR NIGHTS 2030F 2026F 2022 2029F 2025F 2021 2028F 2024 2020 2027F 2023 2019 450 400 350 300 250 200 150 100 50 0 I SAVILLS AUSTRALIAN HOTEL TRANSACTION REVIEW 36