Australian tourism is on a roll despite uncertain economic conditions with both inbound and domestic travel growing at the fastest rates in two decades.
Deloitte Access Economics says domestic travel has just recorded its 20th consecutive quarter of growth while international visits increased 10% over the past year.
“What is remarkable about the tourism growth we are observing is that it is being achieved against a relatively soft economic backdrop – both internationally and here in Australia,” said Lachlan Smirl from Deloitte Access Economics.
“The number of Australians travelling domestically is growing at its fastest pace since formal records began in 1998 (7.6%).”
“The standout story for the domestic market was leisure tourism with trend growth of around 9% the fastest on record.
“Visitation to regional holiday destinations grew 50% faster than capital city domestic leisure travel.”
International tourists are spending big, he said.
“In the past year, international visitor expenditure has grown by 17.6% – more than double the 7.9% average of the past five years.
Deloitte has upgraded its forecast for international tourism growth from 5.4% to 6.2% a year over the next three years.