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Australia Tourism Report Q4 2017

Australia Tourism Report Q4 2017

BMI View: Australia is home to a diverse tourism industry, which is set to benefit from positive growth astransport connections improve and awareness of the country's many attractions rises. The government ishighly supportive of the tourism industry and the country is successfully marketing itself to key sourcemarkets such as China and India, in order to boost visitor numbers. The expected rise in visitor numbers aswell as a stable and open investment environment means Australia is attracting significant interest fromleading regional and global hotel groups and with a number of new properties under development Australialooks well placed to support future growth.

Key Updates And Forecasts

While major marketing campaigns are run on a national basis, individual states are also investing intourism development. In August 2017 the Western Australian Government reported plans to invest someAUD2mn from the Tourism Western Australia budget for a campaign to increase the number of visitorsin Perth after an increase in hotel stock has left occupancy rates low.


BMI Industry View
Table: Key Forecasts (Australia 2014-2021)
SWOT
Industry Forecast
Table: Inbound Tourism (Australia 2014-2021)
Table: Tourism Receipts (Australia 2014-2021)
Table: Hotel Accommodation (Australia 2014-2021)
Table: Tourist Departures and Consumption (Australia 2014-2021)
Industry Risk/Reward Index
Asia Pacific Tourism Risk/Reward Index
Table: Asia Pacific Tourism Risk/Reward Index, Q4 2017
Australia Tourism Risk/Reward Index
Rewards
Risks
Market Overview
Competitive Landscape
Domestic Hotel Groups
Table: Domestic Hotel Groups
International Hotel Groups
Table: International Hotel Groups
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

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