Tourism forecast for QLD good (but below the national average)

Tourism Research Australia have released their latest 10 year tourism number forecasts (available here). They show total visitor nights in QLD forecast to rise at an average rate of 3.9% pa for the 10 years to 2024-25. The pace of growth is forecast to be slightly slower in the non-Brisbane market at 3.5% pa.

Over the next 10 years international visitor nights are forecast to grow at 5.1% pa (4.2% pa for non-Brisbane) while domestic visitor nights are expected to grow at 3.1% pa (3.3% pa for non-Brisbane). For comparison the average growth rates over the past 5 years have been; domestic 1.8% pa, international 4.6% pa so these are clearly impressive growth rates which no doubt will be predicated on the belief (and hope) that the A$ remains relatively weak.

However it is worth noting that the QLD forecast international growth is well below that expected for the nation as a whole (5.4% pa) and the state is beaten by NSW, VIC, SA. TAS and ACT. Domestic growth is forecast at the same rate as for the nation and QLD is only bettered by WA and NT.

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