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Tourism and holiday home markets likely to have hit the bottom of the cycle

Tourist accommodation results, which are based on the results from the on-going quarterly Survey of Tourist Accommodation, were released by the Australian Bureau of Statistics recently.  The ‘small area’ data was released on the same day as the March employment figures were released, so the tourism results largely flew under the radar.  The national figures [...]

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Margaret River

Tourism markets feeling the pinch

Australia’s most popular tourism regions are hurting – takings from accommodation are down, occupancy rates are down, overseas visitor numbers are only creeping up (slowly) after the 2008 slowdown.  The Tourism Forecasting Committee (part of Tourism Australia) estimates that total tourist consumption is down 3.5% in real terms during 2009 – the worst downturn in [...]

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