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Follow on Google News | New Market Research Report: Australia Tourism Report Q2 2011New Consumer Goods research report from Business Monitor International is now available from Fast Market Research
Tourism expenditure fell in 2009 to US$28.86bn from US$31.46bn in 2008. However, it is estimated to have recovered strongly in 2010 to US$31.72bn, and we forecast an increase to US$33.63bn in 2011 and US$46.13bn by 2015. Australia's tourism industry accounted for 3.0% of GDP in 2008 but dropped to 2.9% in 2009. It will slowly climb back to its 2007 high of 3.5% by the end of our forecast period. The majority of tourists come to Australia from the Asia Pacific region, followed by Europe and North America. Inbound tourism from Asia Pacific has increased strongly since 2001, when just over 3mn people visited Australia, to reach over 3.8mn in 2010. Arrivals from the region are forecast to continue growing to more than 4.7mn by 2015. Out of the top 10 source markets for the Australian tourism industry, seven are in the Asia Pacific region. Australia attracts more of its tourists from New Zealand than any other country, followed by the UK and Japan. India is also becoming an important market for Australia. Minister for Tourism Martin Ferguson said: 'India is very important to Australia as a tourism opportunity. It is the 10th largest economy and has the second largest population in the world. India is going to go through a significant period of growth, which is going to create opportunities for people to rationally think about travel.' The ministry launched tourism campaigns in India with Qantas and Singapore Airlines in Q210 and it has a full-time office in Mumbai. However, attacks on Indian students in Australia in recent years may put downward pressure on arrivals from India. Ferguson said the attacks have not caused a decrease in arrivals as tourists do not visit the 'difficult suburbs' where the incidents took place. Over the last decade, Australia's outbound tourism has become increasingly dominated by New Zealand. Between 2001 and 2010, the number of Australians visiting New Zealand nearly doubled, increasing from 574,500 to 1.01mn. In a distant second place is the US, which 372,600 Australians visited in 2001 and 490,000 visited in 2010. The US is followed by the UK, which attracted 454,000 visitors from Australia in 2010. The other outbound destinations in the top 10 are all in the Asia Pacific region. From 2011 to the end of our forecast period the UK is forecast to outpace departures to the US. In 2011, a forecast 450,000 Australians will visit the US, versus 452,000 to the UK. In 2015, 486,000 are expected to visit the US, while 495,000 will make the UK their destination of choice. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: SWOT Analysis - Australia Tourism SWOT - Australia Political SWOT - Australia Economic SWOT - Australia Business Environment SWOT Industry Forecast Scenario - Arrivals - Table: Arrivals Data, 2007-2015 - Accommodation - Table: Hotels Data, 2007-2015 - Expenditure - Table: Tourist Expenditure & Economic Impact, 2007-2015 - Inbound Tourism - Table: Tourism Arrivals, 2007-2015 - Outbound Tourism - Table: Outbound Tourism Data, 2007-2015 Market Overview - Travel - Commercial Airlines - Global Oil Products Price Outlook - Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl) - Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl) Market Overview - Hospitality - Hotels Business Environment Outlook - Table: Asia Pacific Travel And Tourism Business Environment Ratings - BMI's Security Ratings - Table: Asia Pacific Regional Security Ratings - Table: Asia Pacific State Vulnerability To Terrorism Index - Australia's Security Risk Ratings - City Terrorism Ratings - Table: BMI's Asia City Terrorism Index - South East Asia Security Overview Global Assumptions, Q211 - Table: Global Assumptions, 2009-2015 - Table: Regional Real GDP Growth, 2010-2013 (% change y-o-y) - Table: Selected Exchange Rates, 2010-2013 (average) - Developed States - Table: Developed States' GDP Growth, 2010-2013 (% change y-o-y) - Emerging Markets - Table: Emerging Markets' GDP Growth, 2010-2013 (% change y-o-y) - Consensus Forecasts - Table: Consensus Forecasts, 2011 And 2012 Company Profiles - Amalgamated Holdings Ltd - Qantas - Singapore Airlines - Sunland Group - Thakral Holdings BMI Methodology - How We Generate Our Industry Forecasts - Tourism Industry - Tourism Ratings - Methodology - Table: Tourism Business Environment Indicators - Table: Weighting Of Components - City Terrorism Ratings - Table: City Terrorism Rating Methodology - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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