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The value of inbound tourism to Australia is set to reach $32.1 billion in 2014, up from $18.5 billion in 2005, representing average annual growth of 6.3 per cent, according to the latest economic value market forecasts from the Australian Tourism Forecasting Committee.
The UK market is currently Australia’s top market in terms of earnings, contributing around $2.8 billion in 2004. This position will be taken by China in 2014, with an expected contribution from that market of $5.9 billion, up from $1.2 billion in 2004.
Other top contributing markets will continue to be the UK, whose market earnings are forecast to be $4.8 billion by 2014, followed by the US at $3.2 billion, New Zealand at $2.3 billion, and Japan at $2.1 billion.
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David
david.taylor@agarcarlyon.com">editor@agarcarlyon.com
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