The travel and tourism industry has been one of the largest industries in Australia, usually accounting for a 10 percent share of the GDP in Australia. Over 660,000 people were directly employed in the tourism sector in 2019 and the outlook for future growth in the industry looked good.
How big is Australia’s tourism sector?
In 2019, tourism in Australia accounted for 3.1% of the national GDP, contributing $60.8 billion to the Australian economy. The means that tourism GDP grew at a faster rate than the national economy. Of this, 26% came from international visitors to Australia while 74% came from domestic tourism.
How much does tourism contribute to the Australian economy?
Australia is a world-leading tourist destination. Our tourism sector contributes $152 billion to our economy, supports more than 300,000 businesses and employs more than 660,000 Australians.
Is tourism the leading industry?
With 8.8 trillion US dollars, tourism establishes itself as one of the fastest-growing industries of the world, being surpassed only by the manufacturing sector. … According to the UNWTO “International Tourism Highlights” report, tourism generates more than 5 billion US dollars a day.
Where does Australia rank in tourism?
Australia recorded a total of 9 million tourists in 2019, ranking 43rd in the world in absolute terms.
What is the current tourism industry environment in Australia?
THE ECONOMIC IMPORTANCE OF TOURISM
Tourism in Australia continues to be a driver of growth for the Australian economy, with domestic and international tourism spend totalling $122 billion in 2018-19. In the financial year 2018–19, Australia generated $60.8 billion in direct tourism gross domestic product (GDP).
What industry is tourism?
The sector can be divided into two parts – the travel industry and the tourism services industry. These include transport services, accommodation, food and drink establishments, travel agencies, transport rental and cultural, sport and recreation services.