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Australian Tourism Export Council Matthew Hingerty Managing Director The value of international tourism to Australia - and the importance of sister city connections in building tourism relationships. Inbound Tourism’s Value. $24 billion exports 5 million visitors 500k employed directly
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Australian Tourism Export Council Matthew Hingerty Managing Director The value of international tourismto Australia - and the importance of sister city connections in building tourism relationships
Inbound Tourism’s Value • $24 billion exports • 5 million visitors • 500k employed directly • Largest service sector exporter
IVAs to Asia Pacific(in millions, source NTOs, compiled by PATA)
Predicted inbound growth 2008 – 0% (if we’re lucky) Rising energy prices, inflation & interest rates will continue to affect the current economic landscape. Global credit crunch and stock market slump is creating an growing sense of consumer unease and financial worry. The dollar and its impact. Government Policy – Tax, ETS, etc. Oil…. But Australia is missing out!
QANTAS response has been the creation of Jetstar and Jetstar Asia… Source: IATA, CAPA 20
The emergence of China & the Middle East as major aviation and tourism players is going to have an impact……. It’s not all about LCC’s
Emirates • Current Fleet 75 • Has 175 aircraft on order Including: • 58 Airbus A380 • 47 Boeing 777 • 70 Airbus A350 • Plan to launch an LCC using A380’s
Dubai - DXB • Handling capacity 70 million pax • Runways - 6 • Has overtaken Singapore as the worlds 5th largest hub
Gulf Carriers Airline Launched in 1995 Current Fleet 45 Has 112 Aircraft on order Annual growth of 35% in the past 7yrs Now Operates to 75 destinations Airline Launched in 2003 Current Fleet 24 Fleet will expand to 32 by 2008 Has 14 aircraft on order incl. 4 x A380’s Operate to 70 destinations by 2010
Regional International Airports • Cairns • Gold Coast • Avalon • Darwin / Alice Springs • Newcastle? • Margaret River?
Outbound flows(Source ABS) New opportunities coupled with the strong AU$ is eroding domestic tourism.
Challenges • Climate Change • Oil • The rise of the planned economies
Asia Pacific Hotels: • 1,555 in the construction pipeline • Comprising 366,679 rooms • (Source: Lodging Econometrics, October, 2007 & March 2008)
Greater China: 728 hotel projects with 222,600 rooms Accounts for 50% of all planned projects and 60% of all new rooms 78% are currently under construction Accommodation
Macau(Source Macau Government Tourist Office) • IVA’s Increase 22.7% 2007 to exceeded 27million • 55% from Mainland China • Infrastructure development exceeds US$25Bn • 22 hotels currently under construction • Asia’s largest conference venue with 15,000 fixed seat theatre
Greater China: 728 hotel projects with 222,600 rooms Accounts for 50% of all planned projects and 60% of all new rooms 78% are currently under construction Australia currently has 2676 rooms under construction. An increase of 32% since Nov07. (Source Jones Lang la Salle Hotels) Accommodation
Thailand HospitalsBangkok Thai Nakarin Hospital Thai Hospital, Bumrungrad International
The role of ITOs in the distribution system INBOUNDTOUROPERATOR TOURWHOLE-SALER PRODUCTSUPPLIER TRAVELAGENT CONSUMER • Inbound Tour Operators • Provide a vital link between the suppliers of Australian tourism product and the overseas travel companies that buy it.
Australian Tourism Export Council Thank you www.atec.net.au