8695.0 - Accommodation Services, Australia, 2003-04
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 15/08/2005
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Accommodation generates $8 billion in income
Australia's accommodation businesses generated $8 billion in income during 2003-04, according to figures released today by the Australian Bureau of Statistics (ABS).
Businesses providing accommodation services ranged from motels to student residences. Just under two-thirds (66%) of total income was generated from takings from accommodation. Takings from meals accounted for 15% of all income with the sale of liquor and other beverages 6%.
Accommodation businesses reported an operating profit before tax of $780m, which represented an operating profit margin of 10% during 2003-04.
Accommodation businesses were predominantly small with most (74%) employing fewer than 10 people. These businesses generated 18% of all income and had an operating profit before tax of $230m.
In contrast, businesses employing 50 or more people accounted for just 5% of all businesses in Australia, but generated nearly 60% of all income. The operating profit before tax of these businesses was $310m.
The Accommodation Services survey also found that at the end of June 2004:
Further information is in Accommodation Services, Australia, 2003-04 (cat no. 8695.0)
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