Tourism industry gets $1 billion boost amid 'unprecedented' crisis

  • 📰 smh
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 80%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Vulnerable tourism businesses most exposed to plummeting international tourism will be the focus of the Morrison government's $1 billion tourism stimulus package

The Tourism and Transport Forum estimates international visitation is down by 1.8 million people so far in 2020, or 40 per cent compared to the same period last year. That equates to a loss of $2 billion of tourism income every month and a lost of up to 133,200 jobs in the industry.to stimulate the ailing economy, with $1 billion allocated to the tourism industry, budgeted to be spent by June 30 next year.

"In any major economic downturn, businesses who were marginal [and] feeling duress already are at greater risk of failure. One would anticipate that those failures will occur in some instances." "We will be focused on those who are most exposed to the international markets and most reliant upon those markets for their business survival and continuity," he said.and extending travel bans to China, Italy, South Korea and Iran.

With foreign tourists staying away, Senator Birmingham said "times are going to get tougher before they get better" and it was up to Australians to pick up the slack."I'm unashamedly urging all Australians to proactively choose to holiday here this year," he said. "Hop in the car and take a break somewhere around Australia when you can, because in doing so you'll be potentially saving a small business or saving somebody's job.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

they use lots of casuals Most hotels n resorts rely on Asian foreign workers Why do we give subsidy? Hamilton island has got staff quarter for foreign workers

Guess all the new start people will go on holiday with the 750 ?

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

'I think I've made a mistake': Gerry Harvey loses $1.5m trying to beat plunging marketRetail magnate Gerry Harvey has proven the investment adage of 'never try to catch a falling knife'. auspol Hmm One Or Two of hes Race Horses will cover that Just a racehorse to Gerry! 😂
La source: smh - 🏆 6. / 80 Lire la suite »