Single User License USD: $1950 Report Code: TT0207MR Publication date: Feb-2015 Pages: 159
Travel and Tourism in Australia to 2019 is a new market research publication announced by Reportstack.
Report description overview: Australia’s tourism sector continued to perform well in 2014, with positive growth across inbound and domestic categories. High expenditure by international visitors in 2014, and by domestic travelers places the Australian tourism sector in a strong position to achieve the 2020 target of AUD115 billion (US$104.4 billion) in overnight expenditure. The growth was largely driven by a strong increase in tourists from Japan, Singapore, Malaysia, South Korea, and Indonesia, This signals that Australia’s tourism board is moving in the right direction as it outlines in Tourism 2020 plan to expand inflows and expenditure from key Asian markets.
Report Highlight: • The Australian economy is expected to grow at a CAGR of 5.54% over the forecast period while the unemployment rate is projected to decrease from 6.2% in 2014 to 5.7% in 2019. Healthy economic growth and decreasing unemployment will benefit the growth of Australian domestic and outbound tourism over the forecast period • Domestic trips expanded by 5% in 2014 totaling 78.3 million while expenditure valued AUD77.6 billion (US$70.5 billion), registering a growth of 3.5%.However, the expenditure declined by -2.4% in 2013 despite a growth in the number of tourists. The decline was largely attributed to a contraction in business expenditure, indicating that business travelers and companies exercised caution in business spending as currency started to depreciate in 2013 • The 2020 Tourism Industry Potential lists the prime targets of the Australian government’s tourism strategy, Tourism 2020. It outlines the tourism sector’s collective goal to generate AUD115 billion (US$104.4 billion) to AUD140 billion (US$127.1 billion) in overnight visitor expenditure (including both inbound and domestic) by 2020
Single User License USD: $1950 Report Code: TT0207MR Publication date: Feb-2015 Pages: 159 • Avis Budget Group Inc. acquired New Zealand-based Apex Car Rentals for a consideration of US$29 million in cash, along with the book value of Apex’s rental fleet and potential earn-out payments based on its financial performance in 2012. The takeover of Apex which has a fleet of over 4,000 rental cars throughout locations in Australia and New Zealand will strengthen Avis’s presence in these two countries
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Contact: Debora White United States Email: debora@reportstack.com Ph: +1-888-789-6604 Reportstack ###