New Tourism Research Australia forecasts exceed Tourism 2020 target
20 July 2016
Strong gains in international tourism will help Australia attain its Tourism 2020 growth target ($115 billion per year) for overnight visitor expenditure by the end of the decade.
According to Tourism Research Australia Tourism Forecasts 2016, total overnight spend is now forecast to reach $127 billion by the year 2020.
“With international and domestic tourism spending being forecast upwards, the progress we’re making towards the Tourism 2020 targets is clearly accelerating. With visitor numbers and spending at record levels, there’s a lot of optimism around the industry, which seems to be borne out in this latest forecast,” said Tourism Australia Managing Director, John O’Sullivan.