Australia’s trade and tourism minister Andrew Robb believes the growth of tourism from Asia will benefit the country dramatically.
Mr Robb has called on US tourism operators to consider joining forces with Australian organisations to gain from the growing Asian tourism interest.
"The size of the markets are almost incomprehensible," said Mr Robb at a tourism summit in Los Angeles.
He added: "There is a lot happening and we need investment support and the experience that resides in the US.”
It is expected the growth in tourism will come from the Asian middle-class and Australia will need to make investments in infrastructure to help benefit from the lucrative market.
The trade minister also explained that Australia is a high-cost destination for many travellers so it is crucial for tourist attractions and businesses to ensure they offer visitors exceptional quality experiences.
Overseas investors could also be tempted to purchase property in the nation because of the falling rate of the Australian dollar. Economist Savanth Sebastian of CommSec told APP that foreign buyers could take advantage of fluctuating currency and low interest rates to expand their real estate portfolios.
Posted by Craig Francis