Australia's tourism industry 'tracking well'

Australia's tourism industry 'tracking well'
By admin


A new report from Tourism Research Australia has reflected a solid performance in 2013-14 across a range of key performance indicators.

Some of the stand out features from the report are as follows:

  • Australia is making progress towars its tourism industry’s target of between $115 billion and $140 billion by 2020
  • Total domestic expenditure grew 2.9% to $71.5 billion
  • Future supply growth and investment attraction remain solid, and are likely to broaden the tourism investment pipeline which is estimated at almost $50 billion.

Tourism Australia managing director John O’Sullivan said the State of Industry report provided a valuable annual assessment of how Australia’s tourism industry was tracking as well as identifying longer-term issues likely to affect its future performance.

 “This report reinforces the fact that tourism is a serious industry, making a very significant contribution to our country’s future economic prosperity.

 “With international visitor expenditure up 7.2 per cent to a record $30.1 billion, and domestic and international aviation capacities growing strongly, we are undoubtedly making solid progress towards our industry’s Tourism 2020 goals. There’s more to be done in hotel accommodation supply, but the feedback from the investors TA and Austrade have been talking to at the recent HICAP conference in Hong Kong indicates to me that there is certainly confidence and a growing appetite for investment in Australia’s tourism infrastructure.

 “More work to be done but, as annual scorecards go, I think the industry can be pretty pleased.”

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