-
Tourism investment continues to grow
The total value of Australia’s tourism investment pipeline increased by 3.6% to $44.3 billion in 2021-22, according to Tourism Research Australia’s Tourism Investment Monitor.
Most of the 244 projects in the pipeline are in the accommodation sector. The sector has 152 projects valued at $11.5 billion, which could potentially add 23,000 rooms to accommodation supply.
The aviation sector has 14 projects valued at $16.7 billion, while arts, recreation and business services (which includes convention centres) has 78 projects valued at $16.1 billion.
More than 80 projects are currently under construction, with a further 128 in the planning phase.
-
0 Replies
Sorry, there were no replies found.
Log in to reply.