Surge In Chinese Tourism To Australia

Next month China Eastern will start three direct flights a week to Sydney from Hangzhou. Hangzhou, a spectacular, vibrant city of 10 million people in southern China, is home to the e-commerce giant Alibaba and its founder Jack Ma.

Most Australians would never have heard of the city before Xi Jinping hosted an extravagant G20 summit there last month showcasing Chinese leadership, architecture and technology.

More than 120 million Chinese travelled internationally last year, putting Australia's share of just over one million into perspective. That number is expected to rise to 200 million by 2020. Given only about 3 per cent have passports, that may well be an underestimation.

Tourism Australia surveyed Chinese consumers about their key considerations when choosing a destination. The study found that 49 per cent cited safety and security, 48 per cent world-class nature, 45 per cent cited food and wine, 41 per cent aquatic and coastal and 33 per cent mentioned value for money.

This demand for world-class tourist destinations will continue to drive Australia's economy forward.

Of course it's not only tourism that is a big factor within Australia; also our resources and news through that there is a $200 billion investment in new LNG projects which will soon see Australia become the world’s leading exporter of LNG.

Oil and gas heavyweight Origin Energy has made the first export shipment from the second of two production units at its Australia Pacific Liquefied Natural Gas plant in Queensland.

The Resources & Energy Quarterly - September-2016 - shows that Mining Sector employment is still high with earnings heading upwards.

Are Property Club member more successful than the rest? . . . Yes!!

Troy Gunasekera National Manager