Australia Tourism Report - Business Monitor International - Industry Reports

Australia Tourism Report

Australia Tourism Report - Business Monitor International - Industry Reports
Australia Tourism Report
Published Oct 22, 2016
36 pages — Published Oct 22, 2016
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Abstract:

Arrivals to Australia have been increasing steadily since ----, reaching -.-mn in ----. We expect solid growth of around -.- , with arrivals forecast to reach -.-mn. ...We expect solid growth of around -.- , with arrivals forecast to reach -.-mn. The tourism industry has received a substantial boost from various sporting events, such as the ICC Cricket World Cup and annual rugby and tennis tournaments, as well as high-profile visits from members of the British royal family and widespread marketing campaigns, which have generated global interest and raised awareness of Australia s tourist attractions. It also benefits from expanding international travel connections, with the number of flights that connect the country to major source markets such as China and the US expanding rapidly. ...Although a relatively small market compared with developed Western Europe markets (such as France and Spain), this is a high inbound travel figure considering the geographic location of Australia, and compares favourably with the overall population of the country (around --.-mn). We also note the Australian government is highly supportive of the tourism

...Total arrivals, --- (LHS) Total arrivals, ---, y-o-y (RHS) ---- ---- ---- ----f ----f ----f ----f ----f - -,--- -,--- -,--- --,--- --,--- - - - - - - e/f = BMI estimate/forecast. Source: National sources, BMI We expect arrivals from all regions to grow throughout the remainder of the forecast period. Asia Pacific will continue to dominate, with average annual growth of around -.- throughout the next five years, leading to a total arrivals figure from this region of just under -.-mn by ----, up from -.-mn in ----. Growth will be slightly slower in terms of arrivals from Europe (with average annual growth of -.- ), as Australia is an expensive destination for European markets and also faces intense competition from more affordable Asia Pacific regional destinations such as Vietnam and Indonesia. We expect European arrivals to grow from -.-mn in ---- to just under -.-mn in ----, though we note this growth remains heavily dependent upon the economic health of the eurozone. ...We expect European arrivals to grow from -.-mn in ---- to just under -.-mn in ----, though we note this growth remains heavily dependent upon the economic health of the eurozone. Arrivals from North America are forecast to reach ---,--- by ----, while Latin America and the Middle East are expected to account for around --,--- to --,--- visitors respectively by the end of the forecast period.

...The tourism industry in Australia is attracting substantial volumes of investment. According to figures released by Tourism Research Australia in July ----, the tourism investment pipeline in the country reached AUD--.-bn at the end of ----. ...

  
Source:
Document ID
2041-7233
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Australia Tourism Report" Oct 22, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Australia-Tourism-Report-2026-1433>
  
APA:
Business Monitor International - Industry Reports. (2016). Australia Tourism Report Oct 22, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Australia-Tourism-Report-2026-1433>
  
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