15 June 2016
Tourism is a booming industry for Australia bolstered by people travelling further and more frequently. Tourism Research Australia's National Visitor Survey, released today, confirms growth in domestic spend, overnight trips and visitor nights for the year ending March 2016.
Today's results confirm the importance of the tourism industry as one of five key super-growth sectors driving our transition to a new, diversified economy.
The Turnbull Government remains committed to Australia's burgeoning tourism industry. We have put in place the right policy settings to ensure the tourism industry maximises its potential to drive growth in our economy and create jobs.
The National Visitor Survey reveals a continuation of very strong growth in domestic travel with overnight trips up 8 per cent to 88.5 million, nights up 5 per cent to 327 million and expenditure growing by 5 per cent to an enormous $58.3 billion.
A record number of Australians took a domestic holiday in the year ending March 2016, with 36.1 million domestic overnight trips recorded (up 9 per cent). Holiday spend contributed $28.4 billion to our economy, an increase of 4 per cent on the previous year.
Business travellers contributed a further $15.4 billion (up 14 per cent) and took 18.5 million overnight business trips (an 11 per cent increase on the previous year).
The steady growth in the business market drove a staggering 74 per cent of the total increase in overnight expenditure, showing increasing business confidence.
On the back of strong national and international growth, the tourism industry contributed a collective $115.5 billion to Australia's economy for the year ending March 2016, an increase of 8 per cent on the previous year.
With the industry on track to reach its Tourism 2020 targets I am confident that tourism will play a major role in securing our nation's prosperity and economic security for the 21st century.