Territory Stories

Budget 2013/14 Northern Territory Economy

Details:

Title

Budget 2013/14 Northern Territory Economy

Other title

Tabled paper 295

Collection

Tabled papers for 12th Assembly 2012 - 2016; Tabled papers; ParliamentNT

Date

2013-05-14

Description

Tabled by David Tollner

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

Department of the Treasury and Finance

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00866

Parent handle

https://hdl.handle.net/10070/273751

Citation address

https://hdl.handle.net/10070/426369

Page content

Tourism 161 Northern Territory Economy Tourism Tourism is an important contributor to the Northern Territory economy, creating demand for goods and services and generating employment in a range of industries including hospitality, transport and retail trade. In 2012, the total number of visitors to the Territory increased by 5.2percent, from a low base, driven by increased domestic visitor numbers, which offset a decline in international visitors. Growth in domestic visitors was, however, concentrated in the TopEnd, with visitor numbers up by 12.9percent compared with a 4.6percent decline in visitor numbers in Central Australia. The continued strength of the Australian dollar as well as subdued economic and labour market conditions in key source countries is expected to continue to dampen international visitor numbers to the Territory in the short to medium term. Domestic visitation is expected to strengthen, supported by growth in business visitors associated with major projects. Northern Territory 2011 2012 YearonYear % Change 5Year %Average1 Visitor numbers (overnight visitorsonly) (000) 1 223 1 286 5.2 2.7 Domestic overnight2 933 1 032 10.6 1.7 Intrastate overnight3 373 440 17.8 0.9 Interstate overnight3 560 592 5.8 3.5 International 290 254 12.2 6.0 Domestic day4 1 124 1 025 8.8 0.9 Total expenditure ($M) 1 402 1 460 4.1 0.9 Domestic overnight 859 979 14.0 0.2 International5 364 349 4.1 2.6 Domestic day 179 132 26.4 1.6 Visitor nights (000) 9 500 9 593 1.0 1.7 Cruise ship passenger numbers 36 195 56 264 55.4 26.9 Occupancy rates (%) 63.3 64.2 0.9 ppt ppt: percentage point 1 Annual average growth from 2007 to 2012 2 Domestic overnight is defined as trips involving a stay away from home for at least one night, whereby the respondent is away for less than 12 months at a place at least 40 kilometres from home 3 Components of domestic overnight 4 Day visitors are those who travel for a round trip distance of at least 50 kilometres, are away from home for at least four hours and who do not spend a night away from home as part of their travel. Routine travel such as commuting between work/school and home is excluded 5 International expenditure includes package expenditure and domestic expenditure includes airfares and long distance traffic costs Note: Figures are rounded, calculations have been derived from total figures. Source: TRA; Tourism NT; ABS Chapter 13 Key points