Tourism Investment Monitor 2019–20

State breakdown of the pipeline

The tourism investment pipeline shows large variation in the type of investments across each state and territory. The tourism industry in each jurisdiction varies quite significantly, and the pipeline reflects this. For example, the Australian Capital Territory has a greater reliance on business travel, with a strong international student cohort. In contrast, Western Australia relies on domestic intrastate travel with a wide area to cover.

New South Wales

  • New South Wales held one-third of all tourism investment, with 66 projects valued at $14.1 billion. This was a slight increase of $0.1 billion compared with 2018-19.
  • Investments were mostly in the aviation ($5.6 billion) and arts, recreation and business services ($5.2 billion) sectors.
  • Capital city investment was $13.6 billion.
  • Regional investment was $555 million.

Victoria

  • Victoria held a quarter of all tourism investment, with 55 projects valued at $10.8 billion.
  • Total tourism investment in Victoria fell slightly by $0.5 billion.
  • The majority of Victorian investment was in aviation, with the proposed Koo Wee Rup privately owned airport worth $7.0 billion.
  • Capital city investment was $3.0 billion.
  • Regional investment was $7.8 billion.

Queensland

  • Queensland had 30 projects valued at $6.9 billion. This was a decrease of $0.7 billion compared to 2018–19.
  • Most investment was in the arts, recreation and business services sector ($3.3 billion).
  • Capital city investment was $4.8 billion.
  • Regional investment was $2.1 billion.

Western Australia

  • Western Australia had 22 projects valued at $4.5 billion. This was a $1.0 billion decrease compared with 2018–19.
  • The majority of these investments were in aviation ($2.1 billion), largely driven by construction and upgrades to Perth Airport.
  • Capital city investment was $4.4 billion.
  • Regional investment was $130 million.

South Australia

  • South Australia had 30 projects valued at $2.7 billion. This was an increase of $0.1 billion compared with 2018–19.
  • The majority of these investments were in arts, recreation and business services ($1.2 billion) and accommodation ($1.4 billion).
  • Capital city investment was $2.4 billion.
  • Regional investment was $307 million.

Tasmania

  • Tasmania had 36 projects valued at $2.2 billion. This was an increase of $0.2 billion compared with 2018–19.
  • The majority of these investments were in accommodation ($1.3 billion).
  • Capital city investment was $1.3 billion.
  • Regional investment was $856 million.

Northern Territory

  • Northern Territory had 7 projects valued at $0.6 billion. This was a decrease of $0.1 billion compared with 2018–19.
  • The majority of these investments were in aviation ($364 million).
  • Capital city investment was $192 million.
  • Regional investment was $434 million.

Australian Capital Territory

  • The Australian Capital Territory had 9 projects valued at $1.7 billion. This was an increase of $0.1 billion compared with 2018–19.
  • The majority of these investments were in arts, recreation and business services. This includes the redevelopment of the Australian War Memorial ($498 million).