TRA release State of the Industry 2015 Report
November 24, 2015
Australia’s tourism accommodation sector can take heart from Tourism Research Australia’s State of the Industry 2015 Report report which shows inbound arrivals increased by 6.6 per cent to a record 6.6 million arrivals in 2014–15. In fact, subsequent figures from the ABS forecast that Australia would achieve 7.2 million international arrivals in the 2015 calendar year.
Arrivals from New Zealand lead the way with 1.2 million inbound tourists, but it was China (up 21.7 per cent to 864,000 visitors) and India (up 19.9 per cent to 207,000) that grew the fastest.
Growth prospects from Asia have increased with the announcement of new direct air services between Shanghai and Brisbane (China Eastern), Kuala Lumpur and Perth (Malindo Air), and Xi’an and Sydney (Hainan Airlines).
International tourism expenditure also reached a new high of $33.4 billion in 2014–15 following growth of 10 per cent which is the strongest expenditure recorded for a financial year since the Sydney Olympic Games.
Significantly, the inbound surge has been complemented by a slowdown in outbound travel – increasing by just over 2% annually – which has had the effect of driving Australia’s domestic tourism to record levels, with 83.2 million overnight trips recorded last financial year.