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Chinese tourists key to good Australian visitor economy

Staff Writer |
Australia's visitor economy is on track to generate 127 billion AU dollars ($97 billion) by 2020 backed by a surging Chinese visitor market, the Tourism Research Australia (TRA) said.

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The latest forecasts released by TRA has seen upward revisions in domestic and international visitors and expenditure over the 10-year forecast period.

TRA expects the international visitor growth rate to be at 6.7 percent in 2016-17 and 5.9 percent in 2017-18. It is within the target range of 115 to 140 billion AU dollars ($88 to $107 billion) in overnight visitor expenditure set by the government's Tourism 2020 strategy.

By 2024-25, about 12.3 million international visitors are expected to travel to Australia each year.

According to TRA forecast, China is expected to overtake New Zealand as Australia's largest visitor source market by 2017-18, two years earlier than previously forecast.

Of Australia's total international visitors, Chinese visitors are estimated to increase from 13 percent in 2014-15 to 26 percent by 2024-25.

By 2024-25, one in every four international visitors travelling to Australia will likely be from China. But with more than 200 million Chinese travellers expected to be heading overseas by 2020, Australia will still be capturing less than 1 percent of this lucrative market.

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