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Billion-dollar backpackers and the post-COVID economic recovery – Monash Lens

Australia’s tourism sector has been a frontline economic casualty of the COVID-19 pandemic. In the year ending March 2020, the inbound industry was worth more than $45 billion in export earnings, but by the end of March, the industry effectively closed with the borders. Now, though, with the reopening of domestic borders, the industry is planning a roadmap to relaunch the lucrative inbound market. Along with a COVID-free NZ, strategically it also makes sense to let in high-yield, long-staying international visitors. Both international students and international working holidaymakers (WHMs)  – a subset of international backpackers – are likely to be two of the key high-yield segments contributing to the recovery of the international tourism economy in 2021.

NATIONAL TOURISM SATELLITE ACCOUNT 2019–20

Direct News Source (Dec-2020) The Tourism Satellite Account (TSA) examines Australia’s tourism performance through an economic lens. This summary of the TSA looks at the impacts of COVID-19 on this performance and sheds light on where these were felt most deeply. We use TSA data from the Australian Bureau of Statistics (ABS) to report on: the value of goods and services consumed by visitors the resulting contribution to Gross Domestic Product (GDP), international trade and employment. This information helps industry and governments monitor performance and support strategies for recovery and future growth. Disruptions in the tourism sector Australia’s tourism industry experienced sustained growth from 2009 to 2019. Previous TSAs therefore held a positive outlook. This is in stark contrast to the present situation.

TRA: Australia s 2019/20 tourism consumption falls 19%

TRA: Australia s 2019/20 tourism consumption falls 19%
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