The Importance of the Tourism Industry to the Economic Condition of Australia

Tourism has become a commercial business, which has obvious benefits to the said economy, the environment and society. Often, the positive economic impacts persuade governments, companies and individuals to get involved with the development of tourism. Tourism creates jobs, both

Also you can’t forget tourism which is a huge contribution to Australia’s economy. With having millions of tourist each year the tourism has converted Australia to a vacation paradise with its sandy beaches and excellent foods visiting Australia is a one in a live time experience that you will never forget. Today it is said that approximately 5 to 6 million visit

Despite the sharply negative shocks, Australian tourism continues to deliver its services where we have witnessed an increase in tourism expenditures of 5% from 2010 and recently FLT had enjoyed a remarkable growth to become a

Human use and tourism is one of the main reasons the Great Barrier Reef is such an astounding place. The reef consists of more than 400 different kinds of corals, over 1,500 species of fish, and over 200 types of birds (2011). The tourism industry is a major contributor to the local and Australian economy. The range of activities for tourists include day tours, overnight and extended tours, snorkeling, scuba diving, fishing, whale watching, helicopter tours, and other services that capitalizes on the world’s fascination with it. (2011). The earliest occurance of tourism was in the late 1890’s, when this area became a

The Great Barrier Reef is iconic. It has a central place in Australian culture and psyche, and a visit to the reef is reliably rated among the top three must do experiences in international surveys. The Great Barrier Reef has continued to evoke wonder and awe in visitors, from the earliest European explorers negotiating the “monstrous labyrinth of coral” by sailing ship, to the thousands of tourists who arrive annually to experience one of the natural wonders of the world.

The travel and tourism industry is one of the world's largest industries with a global economic contribution in 2016 alone of over 7.6 trillion U.S. dollars (Facts, 2017). Over the past six decades, tourism has experienced continued expansion and diversification to become one of the largest and fastest-growing economic sectors in the world (http://www.e-unwto.org/doi/pdf/10.18111/9789284418145). With this exponential growth, there is a need to harness this potential to benefit all stakeholders involved, from local communities to global corporations. According to Tourism Research Australia (TRA), tourism in 2016 brought in over fifty-three billion dollars into the Australian economy (***fact sheet in Excel). While this represents over three percent of the total GDP of Australia, it is hard to delineate how much of this revenue is attributed to cultural tours and experiences provided by Indigenous Australians. For Indigenous Australians, this new avenue has potential to create job opportunities as well as revenue, but also may contribute to problems brought into effect by the mandating of professional standards. While latent prospects are present, the ability to balance between cultural preservation and mainstream Australia will prove to be a difficult undertaking.

The country and continent Australia is a cluster of incredible beauties whether they are the natural ones like as the snowy mountains of new south wales popularly known as ‘The Snowies’, The Coober Peddy which is famous as the ’Opal Capital of the World’, The Great Barrier Reef etc. and along with these the man made wonders such as Sydney Opera House, Sydney Harbor Bridge, Royal Botanic Gardens, Royal Exhibition Buildings, Shrine of Remembrance etc.

8. Trade in tourism boosts Australia’s economy and builds people-topeople links › Around one in every four dollars spent on tourism in Australia is by international visitors. › Tourism is one of Australia’s key industries, making up 3.2 per cent of Australia’s GDP: › International visitors contribute 0.9 per cent of Australia’s GDP. › The tourism industry as a whole directly employs 580,300 Australians, accounting for five per cent of Australia’s total employment. › A record high of 8.5 million visitors came to Australia in 2016-17.

Around 100 countries benefit from tourism associated with coral-reefs, and 23 of these, reef-related tourism accounts for 15% of GDP (Burke, 2011). The Great-Barrier Reef Marine attracts 1.9 million visits each year, generating AUD $5.4 billion in tourist revenues and 60,000 jobs (Deloitte-Access-Economics, 2013). However, the GB Reef has experienced a loss of 50.7% of coral cover since 1985, and a 21% decrease in the calcification rate (De’ath, 2012). Such loss of coral is likely to make reef-orientated destinations less attractive to tourism, leading to reductions in profits for businesses, and employment for people in the sector (Hoegh-Guldberg,

Describe, analyze and evaluate how Australian tourism in general and more specifically the various tourist segments you’ve identified contribute to the Australian economy and society in general. In particular, consider how various segments may impact GDP growth, public goods and “open access resources”. Include an assessment of how exchange rate fluctuations may influence different tourist segments. Australia’s tourism is an important part of the Australian economy. As mentioned earlier, tourism represented 3.0% of Australia’s GDP in 2014/2015.

Various definitions of tourism exist. Tourism is defined by Macmillan Online Dictionary as the business of providing services for those people travelling for holidays. Tourism has experienced continued growth over the years and diversification and has become one of the fastest growing economic sectors in the world. For countries like Australia, it has become one of the major contributing sectors in the economy generating large proportions of the national income and at the same time increase employment opportunities. The future is still bright for the industry in the country with possible future growth in expansion and diversification. The industry however has both the pros and cons impacts to various ranges of environments (Tourism

Australia and New Zealand are separated by a major environmental feature, the Great Barrier Reef, which is considered on the Seven Wonders of the World. The reef is protected by the Great Barrier Reef Marine Park, which is designed to limit human use (Countries and Their Culture, 2011). A potential challenge for the company would be exporting the product via maritime among the Great Barrier Reef and experiencing delays in shipment. The barrier reef currently is on the Northern part of Australia and company production is located on the southern part of the region. Once Sydney

Tourism and hospitality industry is the leading service industry worldwide in terms of gross revenue and foreign exchange earnings. Also it is one of the among major employment generators across globe.

The Travel and Tourism industry is still one of the largest single businesses in world commerce and its importance is widely recognized. The tourism industry is now one of the largest sectors earning foreign exchange. In the face of many benefits, many countries have started assigning due weight age to the tourism industry in their national development agenda. Tourism is an industry that operates on a massively broad scale: it embraces activities ranging from the smallest sea-side hotel; to air-lines, multi-national hotel chains and major international tour operators. Originally, non-traditional industries such as tourism emerged as a solution to strike a balance between ecology and industry

The study aims to: investigate the effect of the construction of the multibillion-dollar cruise ship terminal, resort, residential development and casino on tourism on the Gold Coast; to examine the effect of the project on the locals’ access to Broadwater, waterways and whether there will be an effect on water quality and to determine whether the project will result into dumping of sewage, grey water or foodstuffs in the terminal.