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Deloitte: Hotel tourism on the ...

Deloitte: Hotel tourism on the rise

Northern Queensland, the Gold Coast and Melbourne all saw improved occupancy rates in the last year.

It appears that tourism hotspots are seeing better business this year from both Australia and abroad.

Deloitte's Tourism and Hotel Market Outlook says hotel occupancy rates in the Gold Coast, Melbourne and northern Queensland have all improved in the last year.

While Melbourne and the Gold Coast was generally a more attractive prospect to domestic tourists, northern Queensland saw more hotel stays from international visitors.

This comes in spite of the fact that Australia's currency was previously considered overvalued, creating fears that international tourists would question how affordable visiting the country would be.

Nevertheless, the tumble that it has made against the American dollar in recent months may have spurred tourism on again.

Deloitte also predicts that hotel occupancy rates in all of these areas will continue to rise until the end of 2015.

Improving tourism is also good news for Australia's economy as the government searches for a way to replace revenue from mining, which has softened recently.

Posted by Ravin Chatlani

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