Surge In Chinese Tourism To Australia

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.

australia-pacific-lng

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.

mining-sector-employment

energy-export-earnings

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

Troy Gunasekera National Manager

Related Posts

Onsite Managers/Caretakers – The Good, the Bad and the Ugly

Onsite Managers/Caretakers – The Good, the Bad and the Ugly

If you are a property investor who owns a unit, you may well have bought into a development whose Body Corporate engages an Onsite Manager or Caretaker (hereinafter referred to as an OSM). Now some OSM’s are good, and some are bad, and some are outright ugly! If your complex has a good one, breathe a sigh of relief...

🌟 Property Market Update with Clifford Bennett | June 2024 Edition 🌟

🌟 Property Market Update with Clifford Bennett | June 2024 Edition 🌟

Welcome to our latest property market update! In this video, renowned economist Clifford Bennett shares his expert insights on the current trends, challenges, and opportunities in the property market. Whether you're a homeowner, investor, or simply interested in real estate, this update is packed with valuable...

Western Australia leads nation in property investment growth, offering hope for renters

Western Australia leads nation in property investment growth, offering hope for renters

Western Australia has recorded the highest growth rate in property investment of any Australian state over the past year, with investor lending reaching a record $1.15 billion in April 2024, according to the latest ABS figures. Kevin Young, President of Property Club, said that property investment activity in WA has...

Become a Member Today!

Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.