TOURISM – ECONOMIC ASPECTS – AUSTRALIA

Premiers’ $3bn blow to tourism

roymorgansocial Leave a comment

Original article by Joe Kelly
The Australian – Page: 1 & 5 : 24-Dec-20

Modelling shows that the tourism sector will be hard hit by moves by state governments to close their borders to travellers from New South Wales during the Christmas holiday period. The modelling undertaken by Stafford Strategy on behalf of the Tourism & Transport Forum shows that Australians are set to spend about $2.6bn between 24 December and 11 January, compared with the annual average of around $5.5bn for the period. Federal Tourism Minister Dan Tehan says state borders should be re-opened as soon as possible to support the domestic tourism industry, while TTF CEO Margy Osmond warns that the sector will need ongoing government support.

CORPORATES
STAFFORD STRATEGY,TOURISM AND TRANSPORT FORUM AUSTRALIA,AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND COMMUNICATIONS

Border bans to wipe out tourism jobs

roymorgansocial Leave a comment

Original article by Charlie Peel, Sarah Elks
The Australian – Page: 1 & 2 : 19-May-20

The Queensland government has indicated that the state’s borders may not be reopened to interstate travellers until September. South Australia and Western Australia have also flagged the possibility that travel restrictions could remain in place for some time, prompting concern about the impact on the tourism sector. Winter is a key tourism season for Queensland, with 2.2 million visitors from interstate staying there for at least one night between June and August 2019. Flight Centre CEO Graham Turner says Queensland’s tourism industry could take years to recover if the state remains closed to interstate visitors during the winter months.

CORPORATES
QUEENSLAND. DEPT OF THE PREMIER AND CABINET, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT

Tourism braces for Virgin blow

roymorgansocial Leave a comment

Original article by Lisa Allen
The Australian – Page: 13 & 16 : 16-Apr-20

Treasurer Josh Frydenberg has reiterated that Virgin Australia Holdings’ shareholders rather than taxpayers should bail out the struggling airline. However, tourism and travel industry executives have warned against the prospect of Qantas having a monopoly on domestic routes if Virgin collapses. Flight Centre CEO Graham Turner says a two-airline system is essential for the nation, while Webjet MD John Guscic says the demise of Virgin would make it harder for the tourism industry to recover. Meanwhile, new figures show that international tourism arrivals fell by 26 per cent in February.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AUSTRALIA. DEPT OF THE TREASURY, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, QANTAS AIRWAYS LIMITED – ASX QAN, WEBJET LIMITED – ASX WEB

China tourist ban to bite

roymorgansocial Leave a comment

Original article by Michael Smith
The Australian Financial Review – Page: 1 & 8 : 28-Jan-20

The deepening coronavirus crisis has prompted the Chinese government to ban travel operators from taking tour groups overseas for at least two months. The blanket ban will particularly impact on Australia’s tourism industry, given that about 1.4 million Chinese tourists visit the nation each year and inject some $12bn into the domestic economy. Chinese travel companies have indicated that they have requested refunds for trips that have already been booked with Australian airlines and hotels.

CORPORATES

Tourism industry now employs one in 13 working Australians

roymorgansocial Leave a comment

Original article by Mark Ludlow, Luke Housego
The Australian Financial Review – Page: 3 : 16-Aug-19

China remains the biggest market for the Australian tourism industry, according to a new Austrade report, with 1.432 million visitors in the year to June. Tourism jobs have risen by 34 per cent in the last 10 years, and the sector now employs almost one million people. Tourist spending has increased for nine years in a row to reach $143 billion a year, a rise of $50 billion over the past decade. Around 47 per cent of tourism jobs are part-time, due to its seasonal nature.

CORPORATES
AUSTRADE

$40b projects to aid tourism

roymorgansocial Leave a comment

Original article by Jamie Freed
The Australian Financial Review – Page: 14 : 20-Jan-15

A report by Scott Ryall of CLAA identifies large tourism projects worth $A40 billion that are in progress or preparation. Ryall states that Asian tourists will assist the Australian economy in withstanding waning mining investment. The report contends that Asian tourism will bolster industries from ­construction and aviation to casinos, malls and wine. Arrium, Boral and Mirvac are among the businesses expected to benefit from tourism development projects

CORPORATES
CLSA AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, ARRIUM LIMITED – ASX ARI, BORAL LIMITED – ASX BLD, LEND LEASE GROUP LIMITED – ASX LLC, MIRVAC GROUP – ASX MGR, SCENTRE GROUP – ASX SCG, NOVION PROPERTY GROUP – ASX NVN, CROWN RESORTS LIMITED – ASX CWN, ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, SKYCITY ENTERTAINMENT GROUP LIMITED – ASX SKC, TREASURY WINE ESTATES LIMITED – ASX TWE, TTF AUSTRALIA LIMITED TOURISM AND TRANSPORT FORUM, TTF AUSTRALIA LIMITED, QANTAS AIRWAYS LIMITED – ASX QAN, CHINA EASTERN AIR HOLDING COMPANY

Visitors spend $30b

roymorgansocial Leave a comment

Original article by Jamie Freed
The Australian Financial Review – Page: 9 : 4-Sep-14

A survey by Tourism Research Australia shows that there was an eight per cent increase in international visitors to the nation in 2013-14. The 6.1 million international visitors spent a record $A30.1bn during their time in Australia, which is seven per cent higher than previously. Tim Quinn of Tourism Research Australia notes that the number of nights international visitors spent in Australia fell during the financial year

CORPORATES
TOURISM RESEARCH AUSTRALIA, TOURISM AUSTRALIA PTY LTD, TTF AUSTRALIA LIMITED TOURISM AND TRANSPORT FORUM, TTF AUSTRALIA LIMITED