The Insight Files
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The Insight Files
Consumer trends and news curated by Tourism Australia
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Australia's tourism sector looks set to boom as the dollar busts

Australia's tourism sector looks set to boom as the dollar busts | The Insight Files | Scoop.it

While it is making overseas travel for Australians more expensive, the 25% decline in the Australian dollar since mid-2014 is having a direct positive impact on Australia's enormous tourism industry, increasing overseas arrival numbers, boosting sector employment and assisting Australia's economy in its transition away from the mining investment boom. With many expecting the Australian dollar to continute to slide in the year ahead, the outlook for the sector appears to be improving. Gareth Aird, an economist at CBA has has examined the impact of the falling Australian dollar on Australia's tourism sector. Find out more.

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Carol Carini's curator insight, September 9, 2015 12:29 PM

Just in time for my trip to Australia. Yes!

American Australian Travel Magazine

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Australians opting to stay down under

Australians opting to stay down under | The Insight Files | Scoop.it

A falling dollar is deterring Australians from travelling overseas and has seen a spike in holidays at home. The softer dollar, which has recently fallen to its lowest level in almost five years - hovering around the 82 US cent mark - means less value for Australian tourists looking to take an international getaway. New data from St George Bank shows about 45% of Australians have put of international travel as a result of the falling dollar. Figures from Tourism Research Australia show in the 12 months to September, domestic overnight trips rising by 5% to 79.7 million trips. Tourism Australia's Managing Director said a falling dollar benefits local tourists in addition to international visitors who have more Australian dollars in their pockets.

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