$657.0m
$XX.Xm
3,812
384
$XXX.Xm
Inbound tour operators primarily arrange and assemble travel packages, combining domestic tourism products like accommodation, transport, scenic tours and meals for overseas travel wholesalers and retailers. Revenue mainly depends on the number of inbound tourists visiting Australia. As such, the COVID-19 pandemic and the Federal Government's inbound travel restrictions collapsed tourist numbers from March 2020 to February 2022. However, after the international border reopened, revenue has roared back, driven by a combination of pent-up demand and high prices. Therefore, over the five years through 2023-24, industry revenue is expected to grow at a compound annual rate of 2.0% to $657.0 million. This trend includes an expected 80.3% surge in revenue in 2023-24 as high prices and strong demand propels a continued post-pandemic recovery.
Industry revenue has grown at a CAGR of 2.0 % over the past five years, to reach an estimated $657.0m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Helloworld | 51.6 |
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Industry revenue is measured across several distinct product and services lines, including Transport, Meals and Accommodation. Transport is the largest segment of the Inbound Tour Operators in Australia.
Food & wine tourism boosts the revenue generated from meals
Industry players package multi-day tour products, combining accommodation, guides, transport and other travel-related services. Industry players then sell these packages to overseas travel wholesalers and retail travel agents to earn a commission. The industry does not include wholesalers that assemble and sell travel packages to domestic travel agents.
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ANZSIC 7220 - Inbound Tour Operators in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry has recovered from the pandemic, which collapsed industrywide revenue in 2019-20 and 2020-21. The Federal Government banned inbound travel from March 2020 to Feb...
Learn about an industry's products and services, markets and trends in international trade.
Revenue generated from accommodation services has declined over the past decade. Inbound travellers' rising use of the accommodation-sharing network Airbnb has taken demand a...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Sydney, Melbourne and Brisbane are home to lion's share industry establishments. Tour agencies set up offices for sales and marketing staff to liaise with overseas agencies a...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The emergence of short-term rental providers, like Vrbo and Airbnb, has increased external competition on tour companies. Consumers are increasingly use these platforms to bo...
Learn about the performance of the top companies in the industry.
Outside of the industry's major players, Helloworld Travel Ltd, the industry is highly fragmented. The industry's services are regional, providing a market for many small-sca...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
As Chinese tourists return to Australia, tour operators need to join the China Approved Destination Status (ADS) scheme, managed by the Australian Trade and Investment Commiss...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has fluctuated heavily over recent years. It plummeted in 2020-21, while the international border was closed. In 2022-23 and 2023-24, profit margins rebounded as turno...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Inbound Tour Operators industry in Australia is $657.0m in 2024.
There are 384 businesses in the Inbound Tour Operators industry in Australia, which has grown at a CAGR of 2.8 % between 2019 and 2024.
The market size of the Inbound Tour Operators industry in Australia has been growing at a CAGR of 2.0 % between 2019 and 2024.
Over the next five years, the Inbound Tour Operators industry in Australia is expected to grow.
The biggest company operating in the Inbound Tour Operators market in Australia is Helloworld
Meals and Accommodation are part of the Inbound Tour Operators industry.
The company holding the most market share in Australia is Helloworld.
The level of competition is high and increasing in the Inbound Tour Operators industry in Australia.