Australia's tourism sector continues to strengthen, with new data out today showing the value of investment grew to $74.5 billion last financial year as investor confidence grows.
Tourism Research Australia's (TRA) annual Tourism Investment Monitor provides a snapshot of the strength of the industry, detailing the pipeline of investments planned for this critical sector.
This year's report shows investment in projects worth $20 million or more grew by $11.1 billion in 2024/25, up 18% on the year before.
The number of projects in the development pipeline also grew by 5% to 363. The projects in this report include new airport terminals, arts entertainment precincts and accommodation offerings which support jobs and businesses across the country.
The arts, recreation and business services sector showed strong growth, with 184 projects worth $34.2 billion in the pipeline. That's $5.4 billion (19%) up on the previous year.
In the aviation sector there were 24 projects worth $29.0 billion in the pipeline, up $5.9 billion (26%) from June 2024.
Quotes attributable to the Minister for Trade and Tourism Don Farrell
"It is fantastic to see the level of investment in Australia's tourism sector continuing to grow."
"We need strong investment to enhance and expand capacity to welcome even more domestic and international visitors in the years ahead."
"Every new hotel, attraction and regional experience strengthens our communities, supports local jobs and showcase the unique experiences that Australia has to offer visitors."