TA Global Market Monitor shows steady inbound arrivals to Oz despite worldwide decline
Despite the global financial crisis and swine flu, inbound tourist arrivals to Australia remained static in 2009, compared to a four per cent decline in tourism worldwide.
According to Tourism Australia’s latest Global Market Monitor, while January 2010 arrivals are expected to remain flat year on year due to the later Chinese New Year, beyond February there are “clear signs” of recovery and improving consumer confidence in North Asia with China and Korea showing signs of growth.
The report found “a general sense of cautious confidence in the UK, Europe, US and Canada although the continual improvement of consumer sentiment worldwide is constrained by high unemployment, declining wealth and cautious lending”.
Meanwhile, signals out of India are “mixed”, possibly reflecting concern about the recent wave of attacks on Indian students in Australia.
Growth returned to international tourism in the last quarter of 2009 contributing to better than expected full-year results. The Tourism Forecasting Committee (TFC) has predicted a modest recovery across all key sectors of the Australian tourism industry in 2010 although it faces strong competition from worldwide destinations, particularly short haul. Arrivals are now forecast to grow between three and four per cent this year.
TA’s Global Market Monitor is produced quarterly to provide an update on the current state of Australian tourism, drawing on a range of available data and summarising survey responses from domestic and international tourism suppliers and sellers.
To view the report in full, click here.
Have your say