Friday, October 30, 2020
Home Lead Story Tourism in Australia Facing $37.7 Billion Downturn Amid Pandemic

Tourism in Australia Facing $37.7 Billion Downturn Amid Pandemic

Australia's tourism industry is facing 40% downturn amid travel ban

Australia’s tourism industry is facing about a A$55 billion ($37.7 billion) downturn in the 2020/21 financial year as a result of the coronavirus pandemic.

According to a report from the Australian Trade and Investment Commission, tourism expenditure is forecast to fall from more than A$130 billion in 2019 to about A$80 billion in 2020/21, reports Xinhua news agency.

The report was based on the assumption that Australia’s international borders will remain closed until at least July 2021 but that state border restrictions will be lifted.

Follow NewsGram on Instagram to keep yourself updated.

“The issue at the moment is that the industry doesn’t know where the bottom is. The market is very confused,” Simon Westaway, chief executive of Australian Tourism Industry Council, told The Sydney Morning Herald.

australia tourism industry facing 40% downturn amid travel ban
The report was based on the assumption that Australia’s international borders will remain closed until at least July 2021. Pixabay

It comes after Prime Minister Scott Morrison said on Friday that it was “not unreasonable” to assume that international travel would not resume until July 2021, except to New Zealand, as the virus continues to spread around the world. “But no one really knows. And that’s the problem,” he said.

A total of 7,686 COVID-19 cases have been reported in Australia, with 104 deaths and 6,993 recoveries, according to the latest figures of the Department of Health.

Also Read: How Virtual Internships Helped Me Land a Job

The department also said that the number of new cases in last 24 hours is 53. Of the news cases, 49 is in Victoria. The number of cases in Victoria, which has had several outbreaks of the virus, has increased by 90 in two days, significantly more than the rest of the country combined.

The state government on Sunday announced that coronavirus testing for recently returned travellers in hotel quarantine would be made mandatory. (IANS)



Most Popular

New Trends of Hiring for Work in IT Industry

Each change is a step towards transformation. Ever since the pandemic interrupted our lives, the shift to remote working has not just altered the...

Making Orphaned and Abandoned Children Self-reliant

There are millions of orphan children across India, who lack the basic facilities required for survival. Having lost their parents at a very young...

Some Recovered COVID Patients Could Still Carry Virus

Researchers have reported that some patients recovered from COVID-19 could still carry the virus, suggesting that recovered patients should be more cautious and avoid...

Delayed Treatment of Brain Stroke Leads to Disabilities

Time is brain when it comes to the treatment of acute ischemic stroke. For every minute of delay in seeking treatment for a stroke,...

Foods that Reduce the Risks of Breast Cancer

A healthy lifestyle which includes exercise and a nutrient-dense diet may help reduce the risk of cancer. Foods that are rich in antioxidants and...

Delightful Golden Hues of Autumn in Switzerland

As beautiful as Switzerland is in summer, the changing colors of autumn paint the vistas of the country in delightful golden hues. Witnessing the...

Here’s How to Have a Better Digestive Health for Children

Has your toddler been refusing to poop in the toilet? Does he/she cry or make faces while passing stool or has the frequency of...

COVID Antibodies Respond at least for 5 Months, says Study

While some reports have come out saying antibodies to coronavirus go away quickly, a new study has revealed that the vast majority of individuals...

Recent Comments