The continued weakness of the A$ is starting to have some very significant impact on travel data into Australia. Today’s release of Sept Short Trem Arrivals and Departures data highlights what is happening.
Arrivals into Australia hit a new record monthly high of 637,100 (seasonally adjusted) in Sept. which is 11% higher than a year ago. Over the course of the past 12 months arrivals have also recorded new highs at just above 7.25 million, which is a 6.8% increase from the same period a year ago.
China continues to be a major component of this increase. Chinese visitors also hit new record levels in Sept (94,600 seasonally adjusted) which was 26.8% higher than a year ago. Over the course of the past 12 months the seasonally adjusted data shows a 22% increase from the same period a year ago. Chinese visitors accounted for 14.8% of Sept’s total arrivals (another record high) and 13.4% of total arrivals for the past 12 months (yet another record high). When we consider the somewhat less volatile Trend data we see that Chinese visitors are up 20.4% over the past 12 months and up 19.8% from a year ago. These Chinese numbers should bode well for the third quarter International Visitor data for the TNQ region.
Departures continue to grow at a very modest pace and the monthly data actually shows 2 consecutive months of decline. Over the past 12 months departures were up just 2.9% and are 2.7% higher than at this time last year. The gap between the number leaving and those arriving in the past year has now fallen to its lowest level in over 3 1/2 years.