General Information

Australia sees fewer visitors arriving from overseas

by Ray Clancy on May 9, 2013

Australia sees fewer visitors arriving from overseas

A higher Australian dollar and the continued weak global economic backdrop have resulted in fewer people from abroad visiting the country, it is claimed. The latest figures from the Australian Bureau of Statistics show that growth in tourism revenue has been mainly driven by solid growth in the domestic sector.

There was slower growth in international visitor consumption, or tourism exports, which rose by 2.1% to $26 billion in 2011/2012. Tourism imports rose 5.1% to $32 billion, increasing tourism’s trade deficit by $1.0 billion to $6.7 billion over the same period. Overall tourism contributed $41 billion to Australia’s economy in 2011/2012, an increase of 5.3%. Direct tourism gross domestic product increased by 5.3% from $39 billion to $41 billion and tourism’s share of total gross domestic product remained unchanged at 2.8%. [click to continue…]

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