Arrivals and Departures data powers ahead

The ABS released their short term arrivals and departures data for January this morning and it confirms the ongoing strength for the tourism sector.

Arrivals in Jan hit  a new record high (seasonally adjusted) of 716,700 for the month which is an increase of 8.7% from the same time a year ago. Over the past 12 months total arrivals exceeded 8.3 million (also a new high) and are up 10.3% from a year ago. China continues to be an important component of these arrivals and were at 111,500 in Jan (+10.5% y/y) for a 12 month total of 1.22 million (up 11.6% y/y). Chinese arrivals have been hovering just below 15% of all arrivals over the course of the year for the past 8 months now.

Departures are also still growing and stood at 851,900 in Jan (up 3.9% from a year ago). Over the 12 months departures were at 9.9 million (another new high) which is an increase of 4.2% for the year.

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