About investment in the tourism industry
As a key priority of Tourism 2020, the Australian Government and state and territory governments are actively encouraging investment in the tourism industry and implementing regulatory reform to improve the investment environment.
Under Tourism 2020, the Australian Government is working with State and Territory Governments through the Investment and Regulatory Reform Working Group to ensure that Australia remains competitive through greater investment in quality tourism products and services. On 4 May 2012, Australia’s Tourism Ministers agreed to implement reforms to encourage new tourism infrastructure developments. In particular, Tourism Ministers have agreed to prioritise reforms to: improve tourism investment facilitation; and tourism development planning processes within high natural amenity areas including National Parks, for delivery by the end of 2012.
Tourism investment services
To support the regulatory reform agenda, Minister Ferguson has expanded Tourism Australia’s remit to include facilitation of tourism investment in collaboration with other Australian Government agencies. In April 2012, Tourism Australia, the Department of Resources, Energy and Tourism and the Australian Trade Commission entered into a five year partnership to deliver a tourism investment attraction program.
Information on the investment advice and facilitation services offered to global and local investors by the Australian Trade Commission, Tourism Australia and State and Territory Agencies is available at http://www.tourisminvestment.com.au/
As a key deliverable of Tourism 2020 and the partnership with the Australia Trade Commission, Minister Ferguson launched the Australian Tourism Investment Guide and the Tourism Investment Monitor on 2 May 2012.
Australian Tourism Investment Guide and opportunities list
The Australian Tourism Investment Guide provides investors with a rationale for investing in the tourism industry and features a list of investment opportunities developed in collaboration with states and territories. The guide can be downloaded at https://www.tourisminvestment.com.au/en/Resources/Download-the-Guide
An extensive list of over 70 investment ready and proposed projects in the short term accommodation and leisure, attraction and experiences sectors can be downloaded at https://www.tourisminvestment.com.au/en/Resources/Download-the-Guide
Tourism Investment Monitor
The Tourism Investment Monitor, produced by Tourism Research Australia, benchmarks the level of investment in Australia’s main tourism related sectors, namely the Accommodation; Transport (aviation); and Arts and Recreation industries. The report accesses recent and current investment activities in these three sectors and can assist tourism investment decision-making.
The monitor and other Tourism Research Australia reports can be downloaded at http://www.ret.gov.au/tourism/research/tra/Pages/default.aspx
Related links which complement investment include:
For more information about investment in the tourism industry, contact the Tourism Division on (02) 6243 7113 or email email@example.com.