Pete Faulkner at Conus Economics Blog has a nice summary of today’s new ABS overseas arrivals and departures data and their implications for Far North Queensland (FNQ), noting:
…Importantly for the FNQ tourism industry, the influx of Chinese visitors showed some very healthy growth. Arrivals from China grew 15.7% from a year ago (to 56,600) and for the first time now make up fully 11% of all visitors. With direct Shanghai-Cairns flights just a few weeks away this sector of the market looks set to become ever more important for the FNQ industry.
KS at Loose Change also recently posted on this issue: