Australia’s $928 Million Tourism Stimulus Targets Domestic
The Australian government unveiled a A$1.2 billion ($928 million) tourism support package on Thursday, aimed at boosting local travel while international routes remain closed because of the coronavirus pandemic.
The basket of airline ticket subsidies for travellers, cheap loans to small tour companies and financial aid for the country’s two largest airlines is designed to keep the critical sector ticking over until foreign tourists return.
“This package will take more tourists to our hotels and cafes, taking tours and exploring our backyard,” Morrison told reporters in Sydney.
“That means more jobs and investment for the tourism and aviation sectors as Australia heads towards winning our fight against COVID-19 and the restrictions that have hurt so many businesses.”
Tourism is a major growth driver for the Australian economy, generating A$60.8 billion in gross domestic product (GDP) in 2018/19 and employing around 5% of the country’s workforce.
Source: Skift
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