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Australia likely to suffer decline in tourism.
Tuesday, 20th January 2009
Source : HVS International
According to Tourism Australia's Tourism Forecast Committee, international arrivals are expected to fall by 4.1% in 2009 due to the global financial crisis, which is likely to be the worst decline since 1989.

The number of domestic trips, which were initially predicted to improve due to falling fuel prices and the weakening Australian dollar, is also forecast to drop by 0.9% but the fall is likely to be offset by a rise in spending.

This rise in spending stems from the expected increase in domestic spending due to the decrease in outbound travel of Australians.

Total tourism revenue is expected to record approximately US$64.6 billion in 2009.

www.hvs.com

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