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June 25, 2015

Australia: Tourism Accommodation Australia Welcomes State Budget Boost

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Tourism Accommodation Australia (TAA), has welcomed the NSW Government’s commitment of over $640 million to the tourism and hospitality sector in the State Budget.

TAA said that support for the regional tourism and business events sectors was particularly important as there has been no growth in real terms in overnight stays in accommodation in regional NSW over the past seven to 10 years.

The NSW Budget delivered an increase of over 25 per cent ($127.6 million) in funding of the Visitor Economy Industry Action Plan over four years, comprising: $75.9 million investment to make Sydney the premier destination for major events, including $22.6 million for more events in Western Sydney; $41.9 million more to grow regional tourism; and $9.8 million to target overseas visitors from priority international markets.

In addition, a $110 million Regional Tourism Infrastructure investment was confirmed.

“This budget has come at a critical time to reinvigorate visitation to regional NSW”, said  TAA acting CEO, Carol Giuseppi.

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