Buzz from the Beehive – PM broadcasts a bulletin about the breakdown of border barriers to boost tourist businesses

Good trade news has flowed from the office of Damien O’Connor in the form of a report showing how this country’s high-tech exports are faring in the United States.  But much better in terms of the immediate economic boost was news from the PM that the Government is bringing forward the date for opening the border to tourists in time for the Australian school holidays.

Accompanying this, Tourism Minister Stuart Nash announced a new tourism marketing campaign is being launched in Australia this week to build demand for travel here.

Nash’s statement gave no hint of the costs involved.  It did say:

  • Historically, 71 per cent of all international tourists who came to ski have been Australians, who generated more than $211 million in winter spending; and
  • The government will keep rolling out direct investment from its two tourism support packages worth $600 million in targeted spending. Further details are due shortly.

These announcements were timely.  The latest official statistics today show the seasonally adjusted current account deficit widened to $6.5 billion in the December 2021 quarter, from $4.7 billion in the September 2021 quarter.   Continue reading “Buzz from the Beehive – PM broadcasts a bulletin about the breakdown of border barriers to boost tourist businesses”