Domestic tourism continues to power ahead with QLD leading the way

Monthly snapshot data for March from Tourism Research Australia released this morning shows domestic tourism continuing to power ahead with expenditures up 58.3% from a year ago (to $6.04 bn). Queensland is leading the charge with expenditures up 88.5% (to $1.36 bn) while NSW (+67.6%) and Victoria (+34.7%) grew more modestly.

Within Queensland the Regions, outside of Brisbane and the Gold Coast, are strongest with expenditures up 88.6%. 

Although we are still waiting for the March quarter National Visitor Survey (which will provide us with a more comprehensive breakdown of the regional data) we can sum the past 12 months of Snapshot data to get at least a good approximation of what the NVS will show. Annualising the data shows expenditures across Australia are down 42.2% but in Queensland the drop is just 36.6%, while in Regional Queensland the fall is only 26.0% while Greater Brisbane and the Gold Coast were down 49.8%. Given the importance of the Tropical North to those regional numbers we can expect to see solid out-performance from TNQ when we get the March quarter NVS data.

 

 

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