Tourism industry braces for $55 billion hit with overseas travel likely banned until July 2021

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The Australian tourism sector is expected to cop a $55 billion hit over the next financial year amid uncertainty over the reopening of state borders and the assumption international travel bans will remain until July 2021 | micksfoley JennieDuke

The Australian tourism sector is expected to cop a $55 billion hit over the next financial year amid uncertainty over the reopening of state borders and the assumption international travel bans will remain until July 2021.

A note on the figures warns that future outbreaks of the virus leading to the closing of individual states or more lockdowns would have a further impact on the value of the industry. "In March, unemployment went from 5 per cent to 17 per cent. Without JobKeeper no one can predict, but it would be over 25 per cent," said Mr Phillips, who also owns the Reef Teach education business in Cairns.

A source close to the government said as borders begin opening up, Tourism Australia expects to ramp up domestic marketing activity to encourage Australians to undertake interstate travel, particularly as international borders remain closed.

 

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micksfoley JennieDuke July 2021 is optimistic. But hey, it’s a global reset. Many businesses don’t survive.

micksfoley JennieDuke we dont need cheap mass tourism like Thailand taxing the env

micksfoley JennieDuke the hotels in Qld have not cut any prices They r getting Jobkeeper but the prices r the same Airfares have got some bargain

micksfoley JennieDuke Well it won't as the Aussies dont want the Chinese going to Australia. They have taken the hint and will decide not to go...

micksfoley JennieDuke The article doesn’t explain where the July 2021 date comes from. Did they pull it out of a hat? The government is out there saying borders won’t open until a vaccine is found and there’s a very real possibility that could be never.

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