The Tourism Forecasting Committee forecasts the number of international visitor arrivals to Australia to decrease 4.0%, the biggest decline since 1989, when arrivals fell 7.5% after the strike by Australian pilots.
The current ordeals of the Australian tourism industry come more from the recent poor performance of the domestic tourism segment.
Overview
Factors driving Australian tourism The Australian tourism industry continues to face major macroeconomic headwinds, with all major economies already in or entering recession. TFC modelling is largely based on changes to world and domestic economic growth prospects and exchange rates, with initial results suggesting a sharp fall in international tourism arrivals to Australia and tourism activity by Australian residents in 2009. This section provides a summary of changes to the main factors (including economic) driving these forecasts compared with the assumptions used in the December 2008 release of Forecast, including several factors which will limit the negative impact of the global recession.
Click here to see the full report from Tourism Forecasting Committee.
No comments:
Post a Comment