Contribution of Travel Industry in GDP

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Introduction – Each country’s GDP Have some contribution from travels and tourism. In the same way Australia also have some contribution from travels and tourism industry. In this research project we will analyse and focused on the tourism industry in Australia with the individual behaviour of that particular industry. With that we will analyse the reform of tourism industry in Australia. We analyse the growth rate, development, visitors, way to attract visitors, schemes to attract   more and more visitors etc. As now Australia tourism industry boom with fast and rapid growth in the world. We will discuss in the research project about the contribution of tourism industry in GDP, government Actions and contribution and interest of investor to invest in tourism industry.   In this we outline the history and growth of tourism industry in Australia with support of statistical information. With that tourism industry is more dependent on the transport, Accommodation and other facilities like cultural programme is also considerable in the research when we discuss the tourism industry. Tourism industry help to generate employment, Revenue for the country, development of industry and reduction of poverty hence it is necessary to discuss the tourism industry with the focusing on all area affected from tourism industry.
Tourism Industry in Australia – History of tourism in Australia is very old but with war in 1914-18 there is some increased and improvement in the Australian tourism.  Australian Tourism Industry is growing with rapid rate.  In the year 2014 Australian tourism industry contributed 2.7% of total GDP of Australia which is $43.4 Million. With that tourism developed employment which contributes to the employment in the country. In the year 2014 tourism generate 534000 jobs in Australia which is 4.6% of total employment. Government of Australia try to develop tourism industry with more growth rate they have fixed the plan of “Tourism 2020” where government targeted reach international visitor at 9.6 million per annum from 6.8 million arrivals per annum.  Increasing investment in tourism investment leads to attract foreign visitor in the country. Tourism 2020 have goal to reach at overnight visitors expenditure up $115 to $140 billion. Research reveals that every Dollar spent in tourism generates $1.92 in the economy of Australia. For improvement of the tourism industry, Australia takes international initiatives includes engagement with china, medical education tourism, international education tourism and international engagement etc. In international engagements Australia work for enhance develop relationship with the global countries. In engagement with China, Australia targeted to Chinese visitors and Australia trade developed bilateral agreement between both the countries and provide relaxation to the visitor from China. 

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In the same way international education tourism and medical tourism is one of the best way of the Australia to attract international visitor in Australia. In this scheme government liberalise visa rules for the students coming for the study purpose in the country. Moreover Australia tourism industry is an attraction for the international and local visitor but the schemes launches by the government is new reforms towards attraction of the international visitors in the country. To attract more and more visitor in the country and remove investment barriers Australia take some key actions in the plan 2020-



-         Collaboration with the more and more nation effectively.
-         Facilitation to the foreign investor for investment in the Australia tourism.
-         Liberalisation in the regulation of the Australia towards tourism and creating environment more supporting to the tourism.
-         Creating more and more accommodation and incentive to the investors in the accommodation investment.
-         Increasing labour supply in tourism industry.
-         Tourism Australia and Austrade work collectively with the territory and state government for promotion of opportunity in Australian tourism.

From the plan of the tourism 2020 Australia achieved so many things and some target are remain left which may be achieve in near future. Target which are achieve by Austrade are as under –

-         Opportunities for tourism investment in the Australia are now globally boom and more and more investors are attracted towards country. Now there 168 projects of tourism investments are in pipeline of which value are $53.7 billion. Which is 8.7% more compared to the year 2013.

-         Australian tourism monitor released from the year 2012 which is one kind of the project card for the country. In which country reflects the future plan and achieved plan of the country.
-         Government established investment facilitation centre in each state and territory to guide the investors and help to investors.
-         Mixed development policy of the country is implemented.
So looking to the reforms of the Australian tourism industry we can say that Australia is become fastest tourism growing country. Policy and regulation of the country is also like attract to the investors.  Australia is more interested to attract Asian investor as they have increasing investment in Australia.
Conclusion – Reforms to the tourism industry Australia have taken major action and issued some schemes to attract more investors and visitors. Australia planned the Tourism 2020 and targeted which are near about to achieve. Few targets of tourism 2020 are remain which may be achieved in near future. With that country issue other schemes as well to attract students for studies which also a major source for the revenue in the tourism.  Looking to the results from the plan and achievement we can say that efforts for reform tourism industry have positive impacts. The entire plan developed are achieved and based on that tourism minister of Australia develop new plan which is also targeted to achieve in 2020.  In the same country’s tourism contribution in GDP is also increased with compared to the year 2013. Some new cultural programme are also begin to invite more visitors as visitors spending is one of the major parts of revenue from tourism. As standalone development of accommodation by the single investor is very hard to achieve hence they create planned for mixed investments, where one or more investor come together with the help of government to invest in big projects. So we can say that Australian tourism development reforms are boom in the word with rapid growth, policy, opportunities and best strategies.







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