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.