US visitors ride high greenback
AMERICANS have fallen back in love with Australia, or at least the low value of our dollar, with tourism numbers jumping 18 per cent in the 12 months to November, the fastest growth in 25 years.
According to the Australian Bureau of Statistics, tourism continues to boom, propping up the economy with a big inflow of overseas money.
Australians are also showing a stronger attachment to domestic holidays because of the currency exchange and overseas departures fell by 3.5 per cent in November.
CommSec’s Craig James said overseas travellers loved Australia.
“In trend terms, tourist arrivals are up almost 10 per cent on a year ago and just shy of the fastest annual pace in 20 years (12.5 per cent, July 2016),” he said.
Forecasts are for international visitor numbers to rise 8.3 per cent this financial year to a record 8.3 million.