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Insights from the Australian Tourism Industry

Author

Listed:
  • Corrine Dobson

    (Reserve Bank of Australia)

  • Karen Hooper

    (Reserve Bank of Australia)

Abstract

Conditions in the tourism industry mirror many of the broader economic trends observed in the rest of the economy because tourism expenditure is discretionary and, like all trade-oriented industries, the tourism industry is exposed to developments in overseas markets and movements in the exchange rate. Over recent years, the Australian tourism industry has experienced challenging conditions. However, the fundamental conditions facing the industry have become more favourable, supported by improved economic conditions in key North Atlantic markets and the depreciation of the Australian dollar, as well as continued strong growth in tourism exports to China. This article examines recent developments in Australia’s tourism industry and how these relate to broader economic conditions.

Suggested Citation

  • Corrine Dobson & Karen Hooper, 2015. "Insights from the Australian Tourism Industry," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 21-32, March.
    • Handle: RePEc:rba:rbabul:mar2015-03
    as

    Download full text from publisher

    File URL: https://www.rba.gov.au/publications/bulletin/2015/mar/pdf/bu-0315-3.pdf
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    Cited by:

    1. Kim Nguyen, 2022. "Do Australian Households Borrow to Keep up with the Joneses?," RBA Research Discussion Papers rdp2022-06, Reserve Bank of Australia.

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