Global Power | Local Knowledge | Uniquely Personal
中文

Australia attractive to Asian t...

Australia attractive to Asian tourism

Asian tourism may focus on Australia.

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

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

Subscribe Now