Australia Hotel Mattress Market Outlook to 2025: Ken Research

Australia Mattress Manufacturing industry is projected to become $840 Mn in 2023. Will the Mattress market continue to grow in Australia? Ken Research<br><br>1. Current Retail & Commercial Mattress Industry Opportunity<br> <br>Also check out: Australia Hotel Market Outlook<br>Retail Players looking to Switch or Expand into Commercial Segment Owing to Promising Accommodation Pipeline & Slow Retail Growth<br>u2022tHealthy growth of demand for bedding products in Accommodation industry spurred on by growing current & future-focused property investment (AU$ 2 Bn TV in 2019)<br>u2022tSlow growth in Retail/Residential segment due to very low mattress interchange frequency, high cost consciousness & low end-user technical awareness <br>u2022tHighly frequent mattress interchanges (7-8 years) in the Accommodation industry due to considerations upon guest comfort & regular maintenance<br>u2022tDominance of Retailer-based mattress manufacturers (AH Beard, Sealy etc.) in Accommodation, Retail incorporating significant presence of online Bed-in-a-Box companies<br>u2022tPremium quality mattresses demanded by 5-star Hotels & Resorts while economy-priced & low to medium quality mattresses common in Retail segment<br>u2022tFrequent brand switching in Retail Segment owing to low Customer Loyalty, while Long Term contracts common between accommodation brands & mattress suppliers.<br>2. Mature yet Resilient Market with Constant Need for Bedding Products<br> <br>Interested to Know More about this Report, Request a Sample Report<br>u2022tOvernight Tourism Expenditure up by 11% from 2017-18 at AU$ 121.1 Bn.<br>u2022t43 Mn Chinese visitors (15% of overall) in 2018-19 up 1% from 2017-18, spending AU$ 11.9 Bn up 6% from 2017-18<br>u2022tNSW, VIC and QLD making up ~83% of all Visitor nights in year ended Sepu201919<br>u2022t10,000 rooms expected to be added in 2020 in addition to the 6,000 rooms added in 2019<br>3. Major Initiatives Aimed at Strengthening the Backbone of the Accommodation Industry, i.e., the Tourism Industry<br> <br>Visit this link :- Request for Custom Report<br>u2022tNew air agreements signed by the Australian Federal Government paving the way for increased tourist arrivals.<br>u2022tUnrestricted airspace access agreement signed with China in Decu201916 allowed 285,000 Chinese airline seats in 2016 to grow to 1.5 Mn in 2018.<br>u2022t5,000 member strong Australian Hotels Association (AHA )supported by a network of branches in every state and territory<br>u2022tTAA maps accommodation industry performance representing close to 600 members and 24 hotel chains.<br>u2022tTourism 2020 strategy launched in 2009 focusing on increasing tourist arrivals in the country, by doubling overnight visitor expenditure from the figure to AU$ 115-140 Bn by 2020<br>u2022tIncreased investment in quality accommodation properties a significant factor in achieving the goal set.<br>u2022tAs of June u201819 upper bound targets of increasing room supply in the accommodation industry exceeded by 102% .

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