Tourism Investment Monitor 2013
Release: 27 May 2013
Tourism Research Australia's 2013 edition of the Tourism Investment Monitor provides an estimate of the total value of large scale projects in the tourism investment pipeline in 2012.
- The tourism investment pipeline is now estimated to have been $44.1 billion in 2012—this $7.9 billion increase (22 per cent) in pipeline investment (between amended 2011 and 2012) indicates that the industry is moving in the right direction to achieve its growth potential and reach the Tourism 2020 objectives.
- This growth in the investment pipeline further demonstrates that the attractiveness of investing in key tourism-related industries appears to be improving, and could continue to increase with the likely slowing from record levels of investment in the mining and energy sectors in Australia. This could also mean that the industry will likely have greater access to capital and labour.
- Under Tourism 2020, the Tourism Industry Potential (the Potential) aims to grow annual overnight visitor expenditure to between $115 billion and $140 billion. The key infrastructure targets to achieve this include growing accommodation supply by an additional 40,000 rooms, growing international aviation capacity by between 40 and 50 per cent and growing domestic aviation capacity by between 23 and 30 per cent.