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Tourism gives Tasmania a boost

Tourism gives Tasmania a boost

Tourists from Asia are heading to Tasmania in increasing numbers.

An increase in tourism in Tasmania is giving the island-states economy a much needed boost.

According to Your Investment Property magazine, Deloitte Access Economics reports that the growth of international visitors to Tasmania is being driven by the strong economic performance of tourist markets such as China, Singapore, Malaysia and Hong Kong.

In the past few years the expensive Australian dollar has made it easier for Australians to holiday overseas, but more expensive for foreign tourists to head down under.

However, the rising middle classes in Asia are looking to Australia as a key holiday destination, the news source reported.

Indeed, this sentiment was echoed by Tourism Tasmania chief executive officer John Fitzgerald, speaking to the New Straits Times, who said that Tasmania, particularly, is seeing the benefit.

“While Australia is well known for its fresh seasonal produce, Tasmania can really take ownership on being the cleanest and greenest State in Australia,” he said.#

Posted by Craig Francis

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.

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