The Accommodation Industry. Its Important to Our Economy


The accommodation industry has been one of the fastest growing sectors of the Australian economy over the past decade. 

The accommodation industry is an important component of the Australian economy. The accommodation industry was one of the earliest industries in Australia and has evolved significantly over the last 20 to 30 years. This has mainly been the result of the major growth in tourism both domestically and internationally. 

The accommodation industry services two distinct markets – tourism and business travellers.
Travellers from domestic sources and inbound tourists need accommodation when they are on holidays and many opportunities exist for small business owners within the accommodation industry to service these needs. 
Small operators provide over 80% of the total market in the accommodation industry. Small business owners have provided most of the growth over the last 20 years. 
Accommodation is a major employer in many regional areas as well as metropolitan areas. In some towns accommodation is the dominant and sometimes only industry. 
When people travel on business they need accommodation. In most cases, the business traveller stays for shorter periods than a tourist does. Also, the business traveller generally stays at the better quality establishments. Business travellers are more important to the larger accommodation establishments and most stays are in capital cities. 
Apart from the small country hotels, large chains own the major hotels. However, the fastest growing segment of the hotel category is serviced apartments. 
In the early 1970’s the concept of serviced apartments was developed on the Gold Coast to provide cheap family holidays. Now this concept is well established in other tourist destinations as well as the CBD and fringe CBD areas.
Of the hotel category, nearly 80% of the establishments are now serviced apartments. However, by room numbers, serviced apartments are less than 50%. 
In the accommodation industry management rights are generally the preserve of the small business owner, although a few major operators are still involved. They cover a whole range of accommodation quality from deluxe to cheap and cheerful. Many motels at the lower end of the spectrum have been redeveloped to meet the changing needs of tourists. 
Like any industry, success is the balancing act between supply and demand. As time goes on, more people travel for both business and pleasure, making the accommodation industry a strong contender for continued future growth!


  • The disclosers are willing to disclose such information to the recipient subject to their acceptance of the following conditions:
    1. The recipient shall treat all information received from the discloser as confidential and shall ensure that all such information remains confidential and shall not use any such information in any way other than for the specific purpose aforesaid. The recipient acknowledges that all conditions subsequent in this disclosure apply to the recipient and any associates of the recipient be they partners, co‐directors, trustees, holders of shares or officersin entity(s) the recipient has interest in.
    2. The obligations of paragraph 1 shall not extend to any such information which is in the public domain, or which hereafter becomes part of the public domain otherwise than as a result of any unauthorised activity or omission of the recipient, or which is already in the possession of the recipient and was not derived from the disclosers.
    3. The recipient shall return all such information received other than that which is submitted orally at the termination of such negotiations entered into as a result of this agreement.
    4. The obligations set forth in paragraph 1, 2 and 3 shall terminate 12 months from the date of this agreement or upon the disclosers and the recipients entering into an agreement whichever event occursfirst.
    5. The recipient shall obtain no rights of any kind to such information other than for the specific purpose stated in this agreement.
    6. The receiving party will not utilise any material made available to improve, construct or change another business, in such a way as to allow that business to compete with the business being discussed.
    7. The recipient understands that the information has been compiled by GMO from details provided by the Vendor. Prospective purchasers should be aware that it is not intended that any projections or this information be treated as a representation, warranty or promise by GMO or its representatives, as to the correctness of the information, or that all relevant information is contained in the information provided.
    8. The recipient acknowledges that they will not act on information provided without first seeking independent financial and legal advice.
    9. The recipient hereby agrees to declare any beneficial interest in any business that could currently be interpreted as being in competition with the subject business.
    10. The recipient agrees to return all documents supplied within 50 days of receipt (and any copies) should they decide not to proceed. The recipient further agrees to destroy any electronic information supplied by the Seller or GMO and to instruct their professional advisors to also destroy any information passed on by the Seller, the recipient or from GMO.
    11. The recipient acknowledges they are precluded from physically visiting the premises of the business or talking to any client, supplier or employee of the business without the permission of the discloser.
    The recipient/s hereby accepts the above conditions as binding on them in respect of the information referred to.
    By ticking you are accepting and agree to our Terms & Conditions including Confidential Disclosure Agreement & Privacy Policy.

Subscribe to GMO's Monthly Hotlistings

Subscribe today to receive GMO’s monthly updates and a list of all current business opportunities
  • This field is for validation purposes and should be left unchanged.

All Search Filters

  • Business type

  • Industries

  • Location

  • Sort by Price

  • Reset