Chinese visitors lift sector
Print Edition
Australia’s tourism sector has recorded the largest jump in annual growth for more than a decade, fueled by a boom in Chinese visitors.
The Tourism Research Australia’s International Visitor Survey, released yesterday, found Australia’s tourism revenue hit US$25.5 billion over 12 months to September, up US$3 billion from the previous year.
The 2015 figure marks a 13 percent rise in global and domestic tourism spending, the highest annual rise since 2001.
China led the growth with a massive 22 percent gain in total visitors. Chinese tourists made up 896,000 of the 6.7 million global travelers who made the journey Down Under this year.
Chinese spending contributed US$5.65 billion to Australia’s economy. That figure represents a 43 percent rise in one year — a three-fold better performance than the aforementioned 13 percent average increase.
The boost in visitor numbers and overall spending has been attributed to the steep decline of the Australian dollar, which is trading almost 15 percent lower against the US dollar compared with 12 months ago.
The plummeting currency has made Australia an attractive spot to foreigners.
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