Arrivals & Departures data shows impact of weaker A$ on foreign travel

We have just returned from a few days away and have only now seen the Arrivals and Departures data for June which the ABS released on Friday. It shows short-term arrivals up 7.7% from a year ago, with the annual total up 6.6% (seasonally adjusted). The Chinese market continues to grow with that growth rate having stabilised in recent months; June saw a total of 85,100 for the month (Trend data preferred to volatile monthly seasonally adjusted) which is an increase of 20.8% for the annual total over the same period last year. The chart below shows how Chinese growth has fared over recent years.

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Departures also rose quite strongly (seasonally adjusted) to be close to a record monthly high at 782,000. However, when we consider departures over the course of the last 12 months we see a total which is just 2.9% above the level of last year; this is the slowest annual rate of growth for departures since June 2009. We are surely seeing the impact of a weaker A$ making foreign travel far more expensive for Aussies. As the chart below makes clear, the flip side of this is strong international arrivals and solid growth in domestic travel.

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