The sector is projected to support 1.7 million jobs this year: WTTC
To highlight the ongoing recovery of the travel and tourism sector, the World Travel and Tourism Council (WTTC) has released new projections indicating that Australia’s tourism economy is expected to contribute USD 315 billion to its national GDP this year.
In a press statement, WTTC says that this would mark an increase of almost one-third compared to pre-pandemic levels, representing 11.4 pc of Australia’s total GDP.
It adds that the sector is projected to support 1.7 million jobs this year, accounting for over 11.5 pc of total employment in the country. This would mean an increase of 100,000 jobs compared to the previous year.
As per the statement, WTTC says that international visitor spending will reach USD 39 billion next year, nearly 22 pc higher than the previous year, setting a new record. Additionally, domestic visitor spending is expected to reach close to USD 173 billion.
The statement says that in 2024, the sector contributed USD 297 billion to the national economy and supported 1.6 million jobs. The international visitor spending stood at USD 32.1 billion, while domestic visitor spending reached USD 123.7 billion.
WTTC says that by 2035, Australia’s travel and tourism sector will contribute more than USD 406 billion to GDP, accounting for nearly 12 pc of the national economy. It is also expected to support over 2.1 million jobs.
The travel and tourism organisation says that international visitor spending is projected to exceed USD 52 billion, while domestic spending is expected to approach USD 221 billion.
Julia Simpson
“Australia is proving once again that it is a powerhouse for travel & tourism. This record contribution to the economy and workforce reflects years of collaboration between industry and government. I was delighted to see this momentum firsthand in Perth last year when Tourism Western Australia hosted WTTC’s Global Summit, it was a clear signal of the country’s leadership in the global tourism sector. From the cities to the outback, and coast to coast, Australia offers unforgettable experiences. With continued investment in connectivity, sustainability, and experience design, the outlook for the next decade is incredibly promising,” says Julia Simpson, President, CEO, WTTC.
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