Record spend on Aussie tourism

The Australian tourism industry has seen record spends in the past year.

Record spend on Aussie tourism

As the Australian dollar has dipped over the past year, the number of tourists to our shores has risen, spending a record $32.5 billion over the last 12 months.

According to Tourism Australia there have been 6.5 millions visitors to Australia in the year leading up to March 2015 – an eight per cent jump on the previous year.

Tourism Australia CEO John O’Sullivan says that our calendar of events has been a huge factor in the increase, with the Cricket World Cup, Asian World Cup and, perhaps surprisingly, Chinese New Year being credited for our healthy trade in tourism.

Most of our visitors have come from New Zealand, but the number of tourists from India has also risen by 25 per cent. However, it’s the Chinese who have contributed most to our economy, with 829,000 making the journey to Australia and spending around $6.5 billion – accounting for 20 per cent of all holiday spending from our international visitors.

Many are here to visit family, but we’ve also seen a seven per cent increase in business travellers. According to John O'Sullivan, "We saw business travel in these latest set of figures – $3.5 billion – that was a seven per cent increase, even-though there was only a one per cent increase in the number of visitors who are spending more.”

The dip in the Aussie dollar is providing incentives for overseas travellers to journey to our country and this trend is expected to continue. Australian small businesses are being encouraged to capitalise on this by doing such things as employing Mandarin-speaking staff, providing free wifi and international payment options such as China UnionPay (the bankcard for the Chinese), and being more ‘savvy’ with pricing.

The increase of holidaymakers to our happy country is a blessing for business and has provided a much-needed injection of extra funds for our economy. According to Business Events Sydney CEO Lyn Lewis-Smith, "They are shopping, they are eating at our restaurants and they are visiting our attractions and cultural icons. They want an immersive experience in our Indigenous culture, they are really inquisitive as to where our heritage comes from."

Read more at www.sbs.com.au





    COMMENTS

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    roy
    31st Jul 2015
    9:48am
    It is still far too high and defying gravity, devalue you now.
    Hawkeye
    31st Jul 2015
    11:38am
    So what!!!!
    From where I sit, it,s bad for tourism.
    Since the aussie dollar took its 30% dive with the abbot takeover, I can't afford to tour anywhere.
    I don't care about those fortunate enough to be able to visit here. They don't have abbott to contend with.
    I don't care bout it being a blessing for business. They get more than their fair share of blessings from abbott.
    I hate the fact that I hate him and all he stands for. Corruption, corruption and more corruption. He even has the gall to defend Bronny's corruption.
    The value of our dollar is a reflection the confidence the rest of the world has in our economy, and it is way down now.
    KSS
    31st Jul 2015
    12:35pm
    Hawkeye you are correct if you live here and want to go overseas. You get less currency for your dollar. BUT if you live overseas and want to come here you get more dollars for your currency and that's good for tourism. When the AUD was well over $1 USD it was great for Australians going over seas but not so crash hot for those coming here. Its all swings and roundabouts.
    Hawkeye
    31st Jul 2015
    1:05pm
    KSS
    Yes, I live here. Don't you?
    Yes, I want to go overseas. Don't you?
    Yes, I get less currency for my dollar. Don't you?
    I happen to be an Aussie who cares about Aussies. Do you?

    I don't give a rats about people from overseas coming here to holiday and have a good time.
    I do give a rats about Australians no longer being able to afford to do the same things they did before the abbott takeover.
    I did go overseas when the dollar was worth $1.06USD, but that was pre-abbott and we the people were much better off then.

    I actually see your views as treasonous, because you place the welfare of overseas people above that of normal Australians. just like abbott. (And I don't use a capital A in abbott, because that might infer some respect for the twerp)
    KSS
    31st Jul 2015
    1:27pm
    Wow, Hawkeye. Just WOW! How insulting can you be?

    Did you think for a single second about all the jobs in tourism and hospitality. That's Australian jobs for Australian people!!!
    Anonymous
    31st Jul 2015
    2:00pm
    The de valuing dollar has nothing to do with Abbot it is all as a result of some idiot named Glenn Stevens who I guess is trying to save a few Australian jobs.

    These workers are paid so much as a result of the ridiculous claims of the unions most of them have gone overseas and who do you blame the bloody Labour Party.
    Bonny
    31st Jul 2015
    3:05pm
    Why didn't you convert your Aussie dollars to US ones when Abbot became PM? We all knew that the dollar was going to devalue as it was a bubble.
    Hawkeye
    31st Jul 2015
    5:38pm
    Robbo,
    sounds like you hate Glenn Stevens as much as I hate abbott. Trouble is tho, Glenn Stevens has nothing to do with the value of the Dollar. He sets the RBA's interest rate, and that has hardly changed since when the dollar was worth US$1.06.
    The value of the dollar floats on (or maybe under) world money market pressures, and moves up or down depending on how attractive it is to foreign investors at the time. It has been this way since Paul Keating floated it back about 30 years ago. Nothing to do with Glenn Stevens, but everything to do with the worlds perception of how "on the nose" our current government/economy is.

    31st Jul 2015
    12:25pm
    A great number of Aged Pensioners can hardly afford a "staycation" and barely have enough disposable income to pay attention.
    KSS
    31st Jul 2015
    12:38pm
    Not just pensioners Fast Eddie. I work full time in NFP below average wage and have not been able to afford to take a holiday here or overseas for more than 15 years!
    Anonymous
    31st Jul 2015
    6:07pm
    KSS, going without a break for as long as that is not healthy. The last job I had I took two weeks off in over four and a half years and worked six days a week. I retired from that one 14 years ago and didn't realise how exhaustion had snuck up on me. There are lot of rich people in the cemetery.
    Mike Omment
    31st Jul 2015
    2:59pm
    Geez hawkeye , you have some serious hatred issues, obsessive , get some professional help urgently. you sound dangerous
    Bonny
    31st Jul 2015
    3:07pm
    Agree we need to roll with the punches.
    Hawkeye
    31st Jul 2015
    5:50pm
    No, not obsessive, not dangerous, just trodden on once too often.

    We need a revolution
    particolor
    31st Jul 2015
    5:54pm
    Now what's needed here ? Smelling Salts or Epsom Salts ? :-)
    particolor
    2nd Aug 2015
    9:50am
    Our Heritage now comes from Rubber Land Inc. ! :-)


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