Scenic and Sightseeing Transport in Australia Industry Market Research Report Now Updated by IBISWorld

The Scenic and Sightseeing Transport in Australia industry is set to rebound over the next five years as domestic tourism recovers from a difficult period. For this reason, industry research firm IBISWorld has updated its report on the Scenic and Sightseeing Transport industry in Australia.

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IBISWorld Market Research

IBISWorld Market Research

As international travel increases in relative expense, domestic markets are expected to improve.

Melbourne, Australia (PRWEB) January 06, 2014

The Scenic and Sightseeing Transport industry in Australia is comprised of operators that provide transport services in and around Australian tourism sights. The industry allows its customers to experience Australian tourist destinations via a range of modes of transport. The industry's main activities do not involve point-to-point transport between discrete locations in Australia. These services are provided by larger passenger transport industries, such as passenger aviation, rail, long-distance bus providers and cruise operators. According to IBISWorld industry analyst Caroline Finch, “the industry's activities are dominated by maritime transport for sightseeing or recreational purposes, such as charter boat operation and same-day cruises”.

Industry revenue depends on the health of the broader domestic tourism sector. Few industry operators offer services that are notable enough to draw travellers to an area on the basis of the services alone. The industry relies on good tourism infrastructure, such as transport connections from mainstream passenger transport, the presence of accommodation and related tourism providers. Over the five years through 2013-14, the industry has struggled due to drops in demand in domestic tourism markets. “These challenging conditions were worsened by a string of natural disasters in Queensland in 2010-11, which represents a major area of industry activity,” says Finch. Industry revenue is expected to contract at a compound annual rate of 0.4% over the five years through 2013-14 to $1.3 billion. In 2013-14, revenue is expected to grow by 6.5% as demand for domestic tourism rebounds in the industry's favour. The industry is highly fragmented, with few enterprises operating out of more than one establishment and no major players.

In the next five years, demand trends in the Scenic and Sightseeing Transport industry' s major markets are expected to shift. Notably, the Australian dollar is expected to moderate. A weaker dollar makes Australia more competitive in global tourism markets, a factor driving the forecast growth in the current year. Expected improvements in the world economy over the period will provide an additional boost to international visitor numbers. At the same time, as international travel increases in relative expense, domestic markets are expected to improve.

For more information, visit IBISWorld’s Scenic and Sightseeing Transport report in Australia industry page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau

IBISWorld industry Report Key Topics

Companies in the industry manufacture a range of ceramic products mainly for building or industrial applications. This includes shaping and kiln firing clay-based, non-metallic minerals to produce ceramic sanitary ware products; ceramic tiles and pipes; refractory products; clay, porcelain and vitreous china.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.


Contact

  • Gavin Smith
    IBISWorld
    +61 396553838
    Email