Market Report, "Australia Tourism Report Q2 2016", published

Touri sm, while already well- established in Australia, continues to grow, supported by extensive global marketing campaigns, public investment in supporting infrastructure and the country's broad range of attractions. Arrivals are expected to increase throughout the forecast period, with particularly strong growth in travel from major markets within the Asia Pacific region. T he hotel market is already well- placed to support increased demand, though Australia's attractive investment environment along with growing visitor numbers mean we continue to see new hotel projects added to the development pipeline. While many of these are in up-and-coming tourism destinations away from the major cities, we are also seeing major investment into city centre and luxury hotels, particularly in Sydney and Melbourne, reflecting the confidence held by investors in Australia's tourism growth potential.

Full Report Details at
- http://www.fastmr.com/prod/1130870_australia_tourism_report_q2.aspx?afid=301

Key Updates and Forecasts

Australia continues to improve air travel connectivity - vital as a far flung holiday destination for many source markets. The new terminal 4 at Melbourne Airport was officially opened in December 2015 and is capable of handling 10mn passengers annually. The airport plans to spend up to AUD10bn (USD7.17bn) on upgrade over the next 20 years. The government has also recently approved plans for expansion works at Gold Coast Airport.

The hotel sector continues to attract investment. As well as new openings by major hotel groups such as Starwood and domestic group Mantra, 2016 will also see expansion by smaller hotel groups. QT Hotels and Resorts is opening a new hotel in Melbourne in mid-2016, the group's seventh hotel in Australia.

Overall, we are forecasting healthy annual growth in terms of international arrivals throughout the forecast period, with total arrivals expected to grow from 7.8mn in 2016 to 10.8mn in 2020. China will remain one of the most important growth markets, with spending by Chinese tourists reportedly up 32% in 2015, according to Tourism Research Australia.

The Australia Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Australia Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Australian tourism industry.

Key Benefits
Benchmark BMI's independent tourism industry forecasts for Australia to test other views - a key input for successful budgetary and planning in the Australian tourism market.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Thailand Tourism Report Q2 2016
- China Tourism Report Q2 2016
- Brazil Tourism Report Q2 2016
- Oman Tourism Report Q2 2016
- Ukraine Tourism Report Q2 2016