Tourism numbers for Australia in February were at the highest level in history for the month, it has been reported by the Australian Bureau of Statistics.
The official body said that the fall of the dollar in the past 12 months has been the biggest contributor to growth, with tourists able to get more for their money when the currency is weak.
Recently, the Australian central bank said it is keeping interest rates at a record low to try to bring the economy back to a state of health.
The weak currency resulted in visitor numbers in February that were up by 0.6 per cent month-on-month, with 562,000 short-term tourists coming into the nation during the month.
It is the highest number of visitors in the country during any February on record, the bureau added.
CommSec's chief economist Craig James said that Chinese visitors have been the biggest contributors to the tourism growth.
"In February, 64,900 tourists from China came to Australia, up 6,200 on a year ago," he stated.
Posted by Steve Douglas
The official body said that the fall of the dollar in the past 12 months has been the biggest contributor to growth, with tourists able to get more for their money when the currency is weak.
Recently, the Australian central bank said it is keeping interest rates at a record low to try to bring the economy back to a state of health.
The weak currency resulted in visitor numbers in February that were up by 0.6 per cent month-on-month, with 562,000 short-term tourists coming into the nation during the month.
It is the highest number of visitors in the country during any February on record, the bureau added.
CommSec's chief economist Craig James said that Chinese visitors have been the biggest contributors to the tourism growth.
"In February, 64,900 tourists from China came to Australia, up 6,200 on a year ago," he stated.
Posted by Steve Douglas
