International tourism is recovering following the recent global disruption from the pandemic. Tourism Research Australia predicts international visitor expenditure will exceed pre-pandemic levels in 2024 before increasing to A$50.7 billion by 2028. With our proximity to fast-growing markets in the Asia-Pacific, we’re well-positioned to recapture a significant share of global travel spend.
Our long-term national strategy for the visitor economy, THRIVE 2030, sets out our plan to return to pre-pandemic visitor expenditure of A$166 billion (achieved in 2023), then grow sustainably to A$230 billion by 2030.
Australia’s political stability and resilient economy offers prospective businesses and investors a safe and low-risk business environment. The Australian Government is backing the further recovery of Australia’s visitor economy. It recently announced a $48 million tourism and travel package in the October 2022 Budget.
The measures include plans to:
- attract workers to our vibrant tourism industry
- train and upskill new and existing hospitality and tourism workers
- support tourism businesses with activities that drive international travel to and from Australia.
The Strategy supports sustainable growth. We know our natural assets, such as world-class nature and wildlife, are key to our attractiveness as a destination, and must be protected.
In pursuing industry growth, we recognise that balancing social and environmental factors alongside economic ones is essential to sustain a truly healthy visitor economy for decades to come. To support this the Australian Government and all State and Territory jurisdictions have agreed to a National Sustainable Tourism Framework, ensuring aligned definitions and goals.