Sunday 21 June 2015

Cheap Holidays Are Over And That Could Be Good News.

The number of Australians going on overseas holidays increased dramatically as the Australian dollar rose to record levels but apparently the party is now officially over and that could be good news for QVM Traders.

As the A$ falls to around US77c economists are expecting a significant shift in spending patterns with Australians engaging in more domestic tourism. On the other hand, international tourists are likely to be attracted to our shores as their currency gains more spending power.

More locals visiting Melbourne and more international tourists should combine to give greater visitor numbers for QVM.