Accommodation services operating revenue in 2022 surpasses 2019 pre-COVID-19 pandemic level
Operating revenue for the accommodation services subsector climbed to a record $29.6 billion in 2022, a 52.0% increase over 2021. The subsector has now recovered from declines caused by the COVID-19 pandemic, with operating revenues 9.6% higher in 2022 compared with 2019. The bounce back in operating revenue was also fuelled by inflationary pressures that pushed traveller accommodation prices up by an unprecedented 29.3% from 2021 to 2022.
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