Tourism marketing no gamble – $1m spend earns $16m revenue. Monday, 11th August 2014 Source : Martin Kelly
A study released recently claims that for 'every incremental $1m spent on international tourism marketing, up to $16m in spend is generated by foreign tourists and 89 additional jobs created'.
Produced by Webber Quantitative Consulting for Tourism Accommodation Australia (TAA), the report investigated the impact of marketing spend on inbound tourism into Australia.
It estimated that a $10m increase to the inbound marketing and promotional budget would boost international visitor numbers by up to 72,500, lift tourist expenditure by between $130m to $160m, and increase the number of tourism and hospitality jobs by over 1800.
Between A$36m and $45m of the increase in tourism spend would go to the accommodation sector, the report said.
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