Saturday 27 June 2015

Tourism On The Rise

The number of Asian tourists visiting our shores is showing a big rise as the Australian dollar depreciates and the relative sophistication of Australian retail, particularly in the luxury sector, attracts buyers.
Traveller numbers from China, Malaysia and India have jumped 17-18% according to the ABC. Ibisworld is reporting that inbound tourism is a key area for the Australian luxury goods sector with 30% of their revenue coming from inbound tourists.
The recent influx of international fashion houses to the Australian retail market is also seen as an added attraction as high consumer wealth in Asia, and the rising middle class, translates to a boost for shopping tourism.