Arab Today, arab today falling australian dollar lifts inbound tourism
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

Falling Australian dollar lifts inbound tourism

Arab Today, arab today

Arab Today, arab today Falling Australian dollar lifts inbound tourism

Australian dollar forecasted to fall further
Sydney - XINHUA

Foreign tourist arrivals to Australia have lifted 3.1 percent in the past year according to data released on Tuesday.

While the rate has slowed a little in the past two months, the falling Australian dollar has made Australia an attractive option for visitors from countries with stronger currencies, such as the United States.

Australian local departures have also slowed with a 1 percent lift, again put down to the falling dollar as it makes countries such as the United States and Britain more expensive for Australian travelers.

"No doubt the volatility in the currency will play a significant part when deciding on future holiday destination," CommSec economist Savanth Sebastian told local media.

"Looking forward, not only will the fall in the Australian dollar drive further tourism inflows, but it should provide an additional degree of support to the domestic tourism sector.

"The cheaper currency should over time make it more attractive to travel within Australia rather than overseas, although it will take some time yet to make a significant dent in the tourism deficit."

He noted the annual number of tourists from the Chinese mainland and Hong Kong has more than doubled in the past five years.

New Zealand visitors to Australia increased 3.3 percent last year to a total of 1.26 million, while tourists from the Chinese mainland and Hong Kong grew 17 percent to 1.13 million.

If current growth rates continue, the number of visitors from the Chinese mainland and Hong Kong will surpass New Zealand in less than a year.

Meanwhile, the number of permanent and long-term arrivals into Australia has fallen to its lowest level in four years, just shy of 300,000 migrants.

arabstoday
arabstoday

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today falling australian dollar lifts inbound tourism Arab Today, arab today falling australian dollar lifts inbound tourism

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today falling australian dollar lifts inbound tourism Arab Today, arab today falling australian dollar lifts inbound tourism

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday