Objective of the research

Write an essay onTourism and Economy of Australia.

Tourism has a great impact on the economy of every country. If the tourism industry of any country will become strong, the economy of that country will grow. The international tourists impact on the GDP of the country, enhancing employment in the country and helps in growing the economy of the country. The international tourists spent a lot of amount which overall helps in enhancing the economy of the country. Also the capital investment of the international tourists is a greater contribution in the economy of the country. The tourism industry of Australia enhances the exchange rate of Australia. Tourism is an essential component that helps in enhancing the economy of Australia. In 2015, there were total 7.4 million tourists visit in Australia. These tourists help in providing part time and full time employment opportunities in Australia. In Australia there are several beautiful and attractive places where the tourists visit every year. These places include coastal cities of Sydney, Melbourne, Queensland and gold coast. These underlying places are the high profile destinations.    

The paper under discussion provides the detailed information about the increase in the employment, GDP and economy of Australia due to the tourism industry. The underlying paper has discussed the total contribution of the tourist industry in the economy of Australia.

The main purpose of the underlying research is to identify the impact of international tourists on the economy of Australia. Tourism is the most important economic activity in the world. The purpose of the underlying research is to evaluate the total contribution of the tourism on the economy of Australia. The tourism industry also impacts on the GDP of Australia and helps in providing employment opportunities to the individuals. The paper has discussed the direct and indirect relationship which exists between the tourists and the individuals produces goods and providing services. The tourists affect on the sales of the country. The visitors stayed in the hotels of Australia increases the sales of the underlying hotel. The paper under discussion provides the information that how the tourism impacts on the salaries and wages of individuals, how it impacts on the payment of taxes and also, how the tourism impacts on the services and supplies of Australia. Tourism industry helps in enhancing the exchange rate of the country. The underlying research also discussed that how the tourism industry in Australia impacts on the exchange rates of Australia. The exchange rates of any country showed the price competitiveness of that underlying country.

Impact of tourism on the economy of Australia

The underlying research paper has discussed the answers of the following different questions:

• What is the impact of the tourism industry on the GDP of Australia? Is the tourism industry helps in enhancing the GDP of Australia?
• Is the tourism industry in Australia impacts on the exchange rate of Australia?
• Is tourism has any impact on the employment of the country? Discuss the impacts on the employment in Australia due to the tourism industry.
• What is meant by international tourist spending? Briefly discuss the spending of the international tourists in the economy of Australia.
• Discuss the amount of capital investment of the international tourists in the economy of Australia. Provide the data for the year 2014 and 2015.
• Is there any increase in the consumption of the international tourists in the Australia? Discuss the direct and indirect consumption of the tourist industry of Australia.

Impact of tourism on GDP of Australia

 The tourism industry of Australia is very strong and has a strong impact on the economy of Australia. The direct impact of the tourist industry is on the sales revenue of the firms. The tourists industry helps in enhancing the GDP of Australia and also it impacts on the exchange rates of the underlying country. Also the underlying industry helps in providing employment in the country. In 2014, out of the total GDP the tourism industry contributes 2.7% of the GDP in Australia. In 2015, this amount has increased by 3.9%. The enhancing in the GDP of the Australia is due to the increasing activities of the airline industry, hotels and transportation services that directly impacts on the economy of Australia and helps in enhancing the GDP of Australia. Researchers estimated that the GDP of Australia from the tourist industry will grow by 3.2% annually till 2025. The underlying table shows the total contribution of the tourism industry on the GDP of Australia. The international tourists has a great impact on the GDP of Australia and in the whole world, the Australia become on the 12^th rankings of those countries in which the tourists industry contributes more amount on the GDP of the country (Dwyer et.al,2013). 

The tourism industry of Australia provides hundreds of jobs in Australia. In 2014, the tourists industry of Australia provides 504,500 jobs in the overall Australia. Out of the total employment, the tourism industry contributes 4.4% of employment. In 2015, this contribution has decreased by 1.8%. The tourism industry provides 495,500 jobs in Australia in the year 2015 which was 4.2% out of the total employment. The tourism industry provides employment to the individuals in hotels, airlines, travel agencies and in the transportation services of the underlying country (Jarvis and Peel 2013).  Research suggests that due to the enhancing in the underlying industry, the employment in Australia will provide 549,000 jobs in 2025. The employment will become grow at the rate of 1% at every year. International tourists have a positive contribution on the employment of Australia and in the whole world; Australia becomes on the 32 number related to the employment contribution of the international tourists (Lee et.al, 2016).  

 Exports

All the amount of money which is spent by the international tourist in the economy of the country is called the exports. The exports of the international tourists are the direct contributions of the international tourists that have a positive impact on the economy of the country. In 2014, the exports of the visitors in Australia were AUD20.9bn. In the year 2015, the international tourist exports grew by 4.1%. In 2015, the total international tourist arrivals in Australia were 7170,000 which provide a great contribution in enhancing the economy of Australia. Research indicates that the predicted number of international tourists in Australia in the 2025 will be 10713,000 that will provide help in enhancing the expenditures of Australia by AUD27.5bn i.e. the expenditures of the international tourists will increase 2.4% in every year. In the whole world, Australia is on the 21^st number related to the international tourists spending (Taks et.al, 2013).

Impact of tourism on GDP of Australia

 Investment

In 2014, the total investment of the international tourists in the economy of Australia was AUD20.4bn. In 2015, this amount of investment rose by 0.4%. The total international tourists investment in Australia is decreased by 4.8% in 2015 and also the researchers suggests that the international tourists investment will also decreased by 4.6% in the year 2025 as shown in the figure. In the whole world, Australia is on the 10^th number in which the international tourists invest the capital Research suggests that the tourism consumption in Australia was $90.9 billion in 2012. This consumption was annually increased at the rate of 6 percent per annum. The tourism industry directly contributes in the GDP of Australia. Annual increase in the GDP of Australia from the tourism industry is 5.3%. Out of the total income generated by Australia, 5.3% of the income is generated from the tourism industry. Also, the tourism industry indirectly contributes in the economy of Australia. The indirect consumption of the tourism industry in Australia in the year 2012 was 3.1. Also, the tourism industry indirectly contributes 2.9 percent in the GDP of the Australia (Dwyer et.al, 2014).

There are millions of international tourists of Australia that have a positive and growing impact on the economy of Australia. In 2015, the New Zealand individuals that visit in Australia were 1309,900, China visitors were 1023,600, the individuals of United Kingdom were 688,400, visitors came from the United States were 609,900, the visitors came from Japan were 335,500 and the tourists which came from Malaysia were 338,800. In each and every year, the number of international tourists came to Australia has increased (Williamson et.al, 2012). This increase in the international tourists helps in enhancing the economy of Australia. Also, the international tourists provide several jobs in the Australia and helps in promoting the GDP and exchange rate of Australia. In 2015, the total number of international tourists that visits in Australia was 7428,600. There was 92% increase in the international tourists in Australia from the previous year. This increase in the international tourists showed that the tourist industry in Australia has growing rapidly and helps in promoting the economy of Australia (Clift and Page 2015). 

Research showed that the domestic tourists market of Australia includes a total of $63 billion. In each city of Australia, there are several domestic travelers that visit in attractive and beautiful places in Australia including rocks and mountains, national parks and green spaces that help in providing relaxation to the tourists, fishing locations. The number of domestic tourists in Australia has increased in the school holidays. The airlines provide different cheap packages in the school holidays in order to increase the number of domestic visitors (Athanasopoulos et.al, 2014).

Impact of tourism on employment of Australia

It is the world’s largest sand island exists in Australia. There are several attracting features of the underlying island including rainforests, sand dunes, mangrove forests etc. Several international tourists visit in the underlying island in order to overview the attractiveness and beauty of the underlying island (Fletchera et.al, 2014).

Great Barrier Reef

Research suggests that there are 2 million visitors including domestic and international visitors of the Great Barrier Reef. There are several parks and green spaces in the underlying place that helps in the attraction of tourists and providing them relaxation. There are also several natural attractions present in the Great Barrier Reef. In 2013, the underlying place received an award from the government of Australia for the attractive tourism place (Authority 2014).

Hervey Bay

Hervey Bay is very attractive and beautiful place exists in Australia. This place is very famous for whale watching. Several domestic international tourists visit the underlying place only for watching the whales (Butler 2016).

Queensland

There are several attractive places and natural creations in the Queensland. In every year, thousands of international tourists visit the underlying place. Queensland is very attractive place in the Australia and in the world there is no one similar place like Queensland. The total area of Queensland is about 1.7 million square kilometers. This state is doubled in size from Pakistan (Croke et.al, 2014).

Tourism industry of Australia

All the industries are classified from their production. The tourism industry of Australia is very unique industry as compare to other industries. The output of the tourist industry is analyzed by evaluating the consumption or spending of tourists. The main focus of the government of Australia is on the expenditure pattern of tourists. In order to identify and evaluate the size of the tourism industry, the government should analyze the tourists spending (Dwyer et.al, 2013). The government of Australia must maintain the difference between the spending of the tourists and the residents of Australia. Queensland, South Wales and Victoria are the most famous tourist places of Australia. These three underlying cities of Australia have the greater share of the tourist industry. Out of the total tourist industry of Australia, these three cities have 80 percent of the total tourist industry output.  Domestic visitors of Australia often go in the larger states of Australia. Research showed that 80% of the domestic visitors have gone on the largest states of Australia for visiting. The Queensland has the highest number of domestic visitors. From the last few years there is a decline in the domestic visitors in Australia. The reason behind the fact is that the domestic visitors of Australia have gone in other countries for visiting (Rice 2014).

Importance of the project

Exports and investment of visitors in Australia

This research project is very important because it provides the enhanced knowledge that how the tourist industry of Australia impacts on the economy of the underlying country. All the international tourists who visit in the different states of Australia get fun and excitement by having different activities. Some of the activities performed by the international tourists in Australia are as follows:

Attractive natural places

All the international tourists want to visit all the states of Australia at least one time. The mountains, rocks, waterfalls, oceans, rivers, lakes all provide the relaxation and calmness to the tourists (Larson aet.al, 2013).

Entertainment and excitement

There are several events exists in different states of Australia. The international tourists like these events because the underlying events provide relaxation to the visitors. Horse races and famous Birdsville Races are more attractive activity of Australia and attract a lot of visitors every year (Hughes 2013).  

Minke whales

 In every June and July, there are several tourists visit Great Barrier Reef in order to play from Minke whales. Several international and domestic tourists dive and play with these Minke whales. Most of the tourists are the domestic tourists. In the school holidays, the domestic tourist goes to the Great Barrier Reef in order to provide fun to their children (Curnock et.al, 2013).

Gold Coast

 Several international tourists visit the Gold Coast in order to get relaxation and enjoyment. These parks are like the dream world resorts and the international tourists take excitement and enjoyment in these parks. These parks are the best places for the domestic tourists in order to spend their weekend. The underlying parks generate millions of revenue from the international and as well as domestic tourists (Dedekorkut-Howes et.al, 2015).

Fraser Island is the world’s largest sand island and it has several historical forests. Also there are several blue water lakes are present in the underlying place (Carter et.al, 2015).

Millions of international tourists visit in the Australia every year due to the attractive and beautiful natural creations and manmade buildings. The tourism industry of Australia helps in enhancing the economy of the underlying country. The economic values and the environment of Australia are balanced. The international tourist industry of Australia helps in enhancing the market share of the underlying country.  Natural creations have a positive impact on the visiting decision of the international tourists. The international tourists want to visit in the place where all the natural and beautiful creation exists. The natural creation is very crucial for the tourists who want to compare their connection with the nature. Gardens, parks, green spaces and shopping malls increase the interest of the international and as well as domestic tourists to visit in the underlying place. The attractive places have a direct impact on the demand of the international tourists. All the attractive places not only increase the international tourists but also help in enhancing the revenue generated from the tourism industry. The tourist industry of Australia plays an effective role in enhancing the economy of the Australia.

Types of tourists in Australia

Outcome of the research

The underlying research showed the impact of international tourists in the economy of Australia. The outcome of the underlying research will exhibit the benefits of the international tourism in Australia. The government of Australia is directly involved in all the activities of the international tourism industry. The government of Australia set some policies and standards which the tourism industry has to follow (Mason 2015). The Australian government helps in promoting the tourism industry of Australia by providing funds and changes the culture of the different regions. In 2014, the total expenditures of the tourism industry of Australia were $700 million out of which $630 million was funded by the government of Australia. The government of Australia provides a full support to the international tourism industry of Australia (Forsyth et.al, 2014).

The underlying figure showed that the government of Australia provides more funding in all the tourist activities and in all the regions of the tourism sectors. The government of Australia provides full support to the tourism industry. The government of any country will not provide the support to the international tourism industry if there will be a market failure (Murphy 2013). The tourism industry of Australia has grown from the past few years. Only in the last two years, the number of international tourists in Australia has doubled. Australia is on the top ranking on attracting the new visitors. The government of Australia innovates and tries to change the tourism industry in order to enhance the number of international tourists. Australia is one of the moist successful countries having the bigger international tourism industry. The international tourism industry on the Australia helps in enhancing the economy of Australia. The government provides funds on the establishment of the new parks and resorts in order to enhance the visitors. The tourism industry of Australia helps in promoting the economic activity and provides employment in Australia (Mason 2015). 

Conclusion

In the end it is concluded that tourism industry of every country helps in promoting the economy of that country. The tourism industry provides several employment opportunities in the country. The tourism industry has a positive impact on the economy of Australia. The government of Australia can take more advantages from the international tourists by providing them more facilities. There are several places in the Australia that provides relaxation and peace for the individuals. There are several things in the country that impact on the demand of the tourists. In Australia there are natural creations, manmade buildings, mountains, waterfalls and other attractive places that helps in enhancing the international tourists. Parks and resorts in Australia provide relaxation and peace to the international tourists. International tourists want to go in those places where they can enjoy.  The tourism industry in Australia has a direct impact on the economy of Australia.

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