Income growth for the middle class means tourism is expected to move beyond domestic borders and largely into Australia, although hotel growth will be needed to accommodate growing tourism sector.
Tourism [to Australia] from Indonesia and Malaysia is expected to rapidly rise by 2015, while the number Australians holidaying overseas is showing signs of easing, a survey has found.
Deloitte Access Economics corporate finance director Lachlan Smirl said a cashed-up middle class in emerging economies throughout Asia is likely to have a flow-on-effect for the Australian tourism industry.
The Deloitte’s Tourism and Hotel Outlook for the third quarter of 2012 also found that there was a spike in domestic trips in the March quarter, and that hotel room occupancy continued to trend at all-time highs.
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