Tourism industry a top performer in the Australian economy
Tourism grew three times faster than the broader Australian economy and international visitors spent a record $38.1 billion over the year to June 2016, according to Tourism Research Australia’s latest International Visitor Survey.
While the latest quarter saw some impact upon yield, the annual performance was strong with a 14 per cent or $4.7 billion increase in spending over the 12 month period. “Australia’s tourism industry continues to register strong growth and attract record numbers of international visitors,” said Steven Ciobo MP. Minister for Trade, Tourism and Investment.
The strong performance has prompted Deloitte Access Economics to further upgrade its forecast for international tourism in its latest edition of the Deloitte Tourism and Hotel Market Outlook.