What Is The Economic Value Of International Tourism To Australia?

This report provides data on the number of domestic and international visitors, their reasons for travel, and their total spend in Australia. Tourism in Australia continues to be a driver of growth for the Australian economy, with domestic and international tourism spending totaling $122 billion in 2018-19. The report also captures the total value of tourism exports, which come from international visitors spending on Australian goods and services.

The strategy sets a target of returning visitor expenditure to pre-COVID levels of $166 billion by 2024 and growing it to $230 billion by 2030. In 2023, the total trip expenditure of international tourists in Australia swelled to around 34.5 billion, gaining on pre-COVID levels. Tourism’s importance to Australia and Australians is multifaceted, contributing to the economy, employment of one million Australians, and solidifying Brand Australia.

Tourism Research Australia predicts that international visitor expenditure will exceed pre-pandemic levels in 2024 before increasing to A$50.7 billion by 2028. Tourism exports, the value of spending on Australian goods and services by international visitors, were $26.1 billion in 2022-23.

In 2022-23, tourism GDP rose 76.6 to $63.0 billion, above the 2018-19 level of $60.3 billion. Tourism GVA was $57.2 billion, and the sector is poised to surpass its previous peak with a projected economic contribution of $265.5 billion, representing 10 of the Australian economy. International visitor spend reached 99 per cent of pre-pandemic levels, injecting $10.2 billion into the Australian economy.

In 2022-23, tourism in Victoria was estimated to be worth $28.2 billion to the economy in gross state product.

How much of the economy is made from tourism?

The 2023 research conducted by WTTC indicates that the travel and tourism sector contributed 9. 1 to the global GDP, representing a 23. 2-fold increase from 2022 and a 4% contribution to the global GDP. This represents a decline from the 2019 level.

How much does tourism contribute to the Australian economy?

Tourism’s GDP increased by 60. 1 to $57. 1b in 2022-23, but it remains below the 2018-19 peak of $63. 4b. Its direct contribution to the economy, including GDP, value added, employment, and consumption by product and industry, rose to 2. 5 in 2022-23 but remains below the 2018-19 level of 3. 1. Domestic tourism consumption increased by $34. 9b to $124. 9b, while international tourism increased by $17. 7b to $23. 6b in chain volume terms.

Tourism filled jobs rose to 626, 400 in 2022-23 but remains below the 2018-19 peak of 700, 900 filled jobs. Direct tourism impacts occur when there is a direct physical and economic relationship between the visitor and producer of a good or service.

Which country is number 1 in tourism?

France leads the list of the most visited cities in Europe with 89. 4 million arrivals in 2019, thanks to its diverse regional cultures, historical sites, museums, gastronomy, and romantic charm. The country’s beautiful countryside, including villages, mountains, vineyards, and castles, attracts tourists. Spain follows with 83. 7 million arrivals, thanks to its historical richness, sunny coasts, architectural beauty, flamenco music, and bull running experiences.

What are the tourism statistics in Australia?

Australia experienced an 8. 4% increase in short-term visitor arrivals and short-term resident returns compared to the previous year, with a total of 1, 525, 610 arrivals and 1, 762, 410 departures. This increase is attributed to the number of international border crossings, rather than the number of people. The total arrivals increased by 18. 4% to 1, 525, 610, while the short-term resident returns increased by 18. 4% to 863, 950. The total departures increased by 13. 2% to 1, 762, 410. The data is rounded to the nearest 10, resulting in potential discrepancies in the sums of components.

Who spends the most money on international tourism?

In 2023, China ranked highest in outbound tourism expenditure, spending 196. 5 billion U. S. dollars. This was a sharp increase from 2019, the year before the COVID-19 pandemic. The United States and Germany followed in the ranking. International tourist arrivals reached 1. 3 billion in 2023, growing significantly over the previous year but not catching up with the peak from 2019. International tourism receipts exceeded pre-pandemic levels, reaching 1.

5 trillion U. S. dollars. Europe was the global region with the highest number of inbound tourist arrivals, surpassing 700 million in 2023. Asia and the Pacific reported around 240 million inbound tourist arrivals. Overall, global tourism has recovered from the pandemic’s impact.

Which country makes the most money from tourism?

In 2023, the United States ranked highest in international tourism receipts, with inbound tourism receipts reaching nearly 176 billion U. S. dollars. This figure is a sharp increase from 2019, despite a decrease from the previous year before the COVID-19 pandemic. Spain and the United Kingdom followed with 92 billion and 74 billion U. S. dollars respectively. France topped the list of countries with the highest number of inbound tourist arrivals, with 100 million arrivals in 2023.

Spain and the United States followed with over 85 million and 66 million arrivals, respectively. The total contribution of travel and tourism to GDP worldwide was estimated to be just under 10 trillion U. S. dollars in 2023, with over 300 million travel and tourism jobs worldwide.

How much does tourism contribute to the global economy?

In 2023, travel and tourism contributed to the global GDP by 4%, reaching 9. 9 trillion U. S. dollars. This figure is predicted to reach 11. 1 trillion U. S. dollars in 2024, surpassing pre-pandemic levels. GDP, the total value of goods and services produced in a country, is an indicator of a country’s economic strength. The United States and China were the leading travel markets before and after the COVID-19 pandemic, followed by Germany, the United Kingdom, and Japan.

The number of international tourist arrivals increased significantly in 2023, with France welcoming 100 million visitors, followed by Spain and the United States. However, the number of international tourist arrivals did not catch up with pre-pandemic levels.

What is the tourism ranking of Australia?

Australia’s tourism industry has seen a steady growth, with a total of 138, 000 tourists in 2021, ranking 111th globally. The country’s diverse landscapes, including major cities, coasts, deserts, and diverse flora and fauna, make it an attractive destination for tourists from around the world. The majority of visitors come from New Zealand, followed by Chinese, British, US-Americans, and Japanese.

Australia’s target group is particularly diverse, with around 40% of tourists being under-30, with a significant proportion being backpackers. The Australian government offers a special “working holiday visa” for selected countries of origin, allowing backpackers aged 18-30 to travel for up to 12 months. Canadians can work for a limited period to earn money for travel, provided the main reason for entering the country is tourism.

The most visited destinations in Australia are Sydney, Melbourne, Bisbane, Perth, and Adelaide, which are known for their striking architecture, imposing buildings, and numerous leisure facilities. These cities are located on the west or south coast, offering wide beaches and a cooler climate.

Who is the largest spender in international tourism?

China has regained its top spot as the top international tourism spender in 2023, following its recovery from the pandemic. The US led the list of top spenders in 2022, followed by France, Spain, and the USA. Chinese expenditure on travel abroad reached USD 196. 5 billion in 2023, ahead of the US, Germany, the UK, and France. Canada, Italy, India, the Russian Federation, and the Republic of Korea also made up the top ten spenders. India rose to 8th place, while Italy rose from 10th to 7th place.

France, Spain, and the USA consolidated their positions as the world’s most visited destination in 2023, with 100 million international tourist arrivals. Spain followed with 85 million, followed by the US, Italy, and Turkey, which closed the top five with 55 million tourists.

Which country profits the most from tourism?

The US leads the travel and tourism market in revenue with 204. 45 billion U. S. dollars, followed by China with 149. 18 billion U. S. dollars, and Canada with 16. 75 billion U. S. dollars, resulting in a difference of 187. 7 billion U. S. dollars. Other insights include a ranking by country regarding revenue in the market and a subsegment in the Netherlands’ Cruises segment. Statista Market Insights covers a wide range of markets.

Why is tourism so important in Australia?

Australia, a high-value market with world-class cultural and natural attractions, is experiencing a recovery in international tourism following the pandemic. Tourism Research Australia predicts that international visitor expenditure will exceed pre-pandemic levels in 2024 and increase to A$50. 7 billion by 2028. Australia’s long-term national strategy, THRIVE 2030, aims to return to pre-pandemic visitor expenditure of A$166 billion by 2023 and sustainably grow to A$230 billion by 2030.

The country’s political stability and resilient economy provide a safe and low-risk business environment for businesses and investors. The Australian Government has announced a $48 million tourism and travel package in the October 2022 Budget to support further recovery.