Reforms in Tourism Industry Australia

Running head: REFORMS IN TOURISM INDUSTRY: AUSTRALIA
REFORMS IN TOURISM INDUSTRY: AUSTRALIA
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REFORMS IN TOURISM INDUSTRY: AUSTRALIA
TABLE OF CONTENT
Introduction......................................................................................................................................3
Economic Analysis of Australian Tourism Industry:......................................................................4
Trends:.........................................................................................................................................4
Economic analysis:......................................................................................................................5
Recommendations............................................................................................................................6
Reference:........................................................................................................................................9

REFORMS IN TOURISM INDUSTRY: AUSTRALIA
Introduction:
National geographic location of Australia and significantly unique wildlife make it
attractive destination for national as well international visitors. This has consolidated the
emergence and growth of tourism industry in Australian economy. The industry contributes 3%
to the Australian national GDP and 73% to the total GDP derived from tourism directly. The
industry is source of employment to 580,000 Australian populations capturing almost 5% of the
total workforce as per the data of 2014-15. It also provides part time employment to 43% of the
employed people (Amelung and Nicholls 2014). The nation records arrival of 7.4 million visitors
annually. Tourism industry makes contribution of 8% in the total national export earnings.
The article by Ann Sherry published in the Daily Telegraph, 2015 explained elaborately
the situation tourism industry facing in the country. The report highlighted how this industry
surpassed the resource sector and turned into biggest sector contributing to national growth and
that further necessitates channelization of resources, ideas and best policies to materialize the
untapped potential of the industry (Sherry 2015).
These facts rightly shape the importance of the industry in national economic growth.
The paper aims to present the trend in the industry, analyze its impact on national economic
health and justify the reforms adopted with making proper explanation of the recommendations
and suggestions.