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Inbound Tourism set to soar
THE annual value of inbound tourism will almost double in the next decade to $35.6 billion, driven by an increase in visitors from India and China, according to the Tourism Forecasting Committee.
According to TFC’s April 2006 forecast, inbound tourism will rise at an average yearly rate of 7.1 per cent from $18.5 billion last year to reach $35.6 billion in 2015.
TFC chairman Bernard Salt said Australia’s source of visitors was shifting.
“The sources from which we derive most of our tourism will subtly change over the next 10 years — less emphasis on the traditional markets like New Zealand and Japan and even the UK, and a rising emphasis on effectively the new middle-class markets coming out of Asia”, especially India and China, he said.
“Over the last five years or so, those markets have accelerated.”
“At the same time, outbound departures are forecast to rise by 6 per cent to 5 million in 2006 and to grow at an average annual rate of 2.8 per cent to reach 6.5 million over the 10 years to 2015.”
The committee, linked to Tourism Australia, predicts 2.8 per cent growth in international visitor arrivals to 5.7 million. Their economic contribution is forecast to rise 3.5 per cent to $19.1 billion.
Mr Salt said the forecasts took several factors into account, including past behaviour and material changes “like the introduction of new airlines, new flights, change in seating capacity and more aggressive pricing”.
“Tourism … will remain a mainstay of the Australian economy over the next 10 years,” Mr Salt said.
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