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

162 Tourism 2013-14 Budget Background Tourism plays an important role in the Territory economy, creating demand and generating employment in a range of industries including hospitality, transport and retail trade. TRA estimated that in 201011 (the most recent year available), tourism employed about 7000people and made a direct contribution of 4.3percent to the Territorys grossstate product (GSP). The Australian dollar has appreciated substantially across a range of currencies since the global financial crisis (GFC) in 2008. In 2012, it remained above parity against the United States (US) dollar, and appreciated against the Japanese yen. This had two key impacts: first, it made Australia and the Territory a relatively more expensive holiday destination, especially for visitors from key traditional source markets such as the US and Japan; and second, it made overseas travel relatively cheaper for Australians and Territorians. Uncertainty and weak economic and employment growth in the euro area and other developed economies also reduced peoples willingness to travel, particularly to distant and relatively expensive destinations such as the Territory. Declining passenger numbers to Central Australia led to a rationalisation of airline seating capacity in 2012. Combined with the loss of the Tiger Airways service to AliceSprings from July 2011, this affected domestic travel to The Concept and Measurement of Tourism Tourism differs from other industries, such as mining and construction, as tourism is defined by the nature of the consumer rather than the process of producing goods and services. Tourism comprises the activity of visitors travelling to places outside their usual environment, for less than ayear, for leisure, business and other personal purposes. Standard Australian Bureau of Statistics (ABS) measures of production in the National Accounts are not available for tourism, however tourism contributes to the Territory economy through a range of industries including accommodation, cafs, restaurants and takeaway food, culturaland recreational services, retail trade, education and transport. Rather than focus on the value of tourism (which is included in industries reported in other chapters), this chapter presents other measures of tourism activity such as visitor numbers and accommodation capacity, and features of key market segments. Data is primarily sourced from Tourism Research Australia (TRA), which is a branch of the Commonwealth Department of Resources, Energy and Tourism. Visitor numbers are taken from the TRA International Visitor Survey (IVS) and National Visitor Survey (NVS). The IVS samples 40000 departing, shortterm international travellers over the age of 15 years at the major international airports (Sydney, Melbourne, Brisbane, Cairns, Perth, Adelaide, Darwin and Gold Coast) with results benchmarked against international visitor numbers from the Department of Immigration and Citizenship. The NVS data samples 120000 Australian residents over the age of 15 years and responses are benchmarked to population estimatesprovided by the ABS.