Tourism Investment Monitor

The Tourism Investment Monitor details investment in 3 key tourism segments.

In 2024-25, the tourism investment pipeline consisted of 363 projects worth more than $20 million each, with a value of $74.5 billion. This is an increase of 17 projects and $11.1 billion on the previous year. Use the dashboard below to explore the investment pipeline data.

The 2024-25 tourism investment pipeline consisted of:

• Tourism related arts, recreation, and business services: 184 projects valued at $34.2 billion
• Aviation: 24 projects valued at $29.0 billion
• Accommodation: 155 projects valued at $11.3 billion, with the potential to contribute 21,300 rooms to the national accommodation supply.

The report also groups investments by project phase and shows a strong future pipeline. The 2024-25 pipeline includes:

• Proposed: 50 projects valued at $23.3 billion
• Planning: 152 projects valued at $18.5 billion
• Under-construction: 161 projects valued at $32.8 billion

In 2024-25, New South Wales had the highest number of projects while Victoria was the top state by total project value. The state breakdown of the investment pipeline includes:

• Victoria: 51 projects valued at $21.6 billion
• New South Wales: 104 projects valued at $18.0 billion
• Queensland: 70 projects valued at $14.9 billion
• Western Australia: 37 projects valued at $8.1 billion
• Tasmania: 35 projects valued at $3.8 billion
• South Australia: 38 projects valued at $3.7 billion
• Northern Territory: 17 projects valued at $2.5 billion
• Australian Capital Territory: 11 projects valued at $1.9 billion

The tourism investment monitor reports on mixed-use developments separately, because the exact contribution to the visitor economy is difficult to determine. Mixed-use developments included in this report typically contain food and beverage, retail services and/or hotel or short-stay rental properties that contribute significant value to the visitor economy.  

In 2024-25, there were 184 mixed-use developments valued at $83.6 billion, with the potential to add 33,000 rooms to accommodation supply. This was a decrease of $1.6 billion (-2%) and 7 projects from the previous year.

About the report

For projects to be included in this report, they must meet an expenditure threshold of $20 million or more. Projects in the pipeline are mostly new builds, but major renovation projects are also within scope. The project values and pipeline progression are as of year ending June 2025.

The Tourism Investment Monitor provides insights and analysis regarding:

• recent tourism investment trends
• project development stage and sector, by state and territory
• progress through stages of the development pipeline.

The pipeline comprises stand-alone accommodation projects, aviation projects and tourism-related arts, recreation, and business services. It excludes mixed-use developments from the total. However, the report contains separate analysis of the value and volume of mixed-use projects with a tourism component.

Note that there are projects included in the pipeline for which the full investment value was unavailable. Therefore, the estimated total value of investment may understate the real value. Similarly, there are projects for which the number of rooms under development was unavailable, therefore the estimated room count may understate the real total.

Data sources

The 2024-25 investment pipeline uses 4 key data sources:

• Deloitte Access Economics’ Investment Monitor
• STR Global Asia Pacific’s Pipeline Database
• Commonwealth, state and territory budget papers
• Investment authorities within state and territory governments.