Published on : Tuesday, October 24, 2017
According to a recent report, even though over a third of businesses related to the tourism sector witnessed a drop in profits during the September quarter, the numbers in terms of international visitation remained strong as one in five businesses went through an increase in export activity.
For many visitors, Federation Square in Melbourne remained a key pull.
Regardless of this, business situations are anticipated to get better while entering the final quarter of this year which indicates a strong calendar of events. Roughly half of businesses related to tourism expect sales to rise and 43 percent are hoped that profits will bounce back.
Victoria Tourism Industry Council chief executive Brad Ostermeyer explained that the drop in terms of profits over the September quarter was quite unsatisfactory but not astonishing though.
“The winter off-peak is usually a quieter trading period for tourism business, and this is reflected in these results,” he said. “International visitation numbers remained strong and 20 per cent of businesses reported a rise in export activity.”
As per VTIC, Marketing Victoria to interstate visitors a precedence!