Optimism High for Australia Growth, But Numbers Still Lag 2019

• The World Travel & Tourism Council’s Cities Economic Impact Report showed travel and tourism’s direct contribution to Sydney, Melbourne and Perth’s GDP and jobs continues to rise.
• KSL Capital Partners is among investors that are increasingly keen on acquiring hotels in remote destinations across Australia, New Zealand and the South Pacific.
• A resort in the Blue Mountains that was closed during the pandemic has reopened its doors and has been listed for commercial sale following a multi-million renovation.

The World Travel & Tourism Council’s Cities Economic Impact Report showed travel and tourism’s direct contribution to Sydney, Melbourne and Perth’s GDP and jobs continues to rise. Prolonged border closures in Australia and key markets such as China means visitor spending numbers are still low. In 2019, Perth’s travel and tourism sector contributed over A$4.5 billion to the […]