Domestic spend tops $53 million | The Insight Files | Scoop.it

Despite a strong swell in Australian travellers heading overseas during the 12 months ending September 2014, Tourism Research Australia says the falling value of the Australian dollar against other currencies should prove the catalyst for turnaround in domestic holidays. Recent figures reveal that domestic overnight spend and trips rose 4% and 5% respectively to $53.7 billion and 79.7 million. While growth is largely due to Australia's VFR traffic, increases are tipped for domestic holiday visitation. This will likely happen as the Australian dollar continues to fall, making overseas travel more costly than it has been in the last few years. Click here to download the full report.