Tourism data powers ahead in Dec

Today’s release of short-term (less than 12 months) arrivals and departures data from the ABS for Dec shows the tourism boom still well and truly in place. Arrivals increased by 6.8% from the same time a year ago, and are up 10.6% over the past 12 months in total. While the seasonally adjusted data showed Chinese arrivals barely changed over the year (+0.6% y/y) they remain 16% higher for the 12 months. The less volatile Trend series shows a 7.6% increase year on year and also a 16.3% gain for the 12 months. Indeed, the Trend number for the month has hit a new record high of 105,300.

Departures are also still on the way up, although the pace of growth is significantly slower; up 2% y/y and up 4.4% over the 12 months.

The gap between the total number leaving and those arriving over the past 12 months has fallen to a 5 1/2 year low.

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