Second wave of COVID-19 is shattering Australia’s tourism economy

Published on : Monday, July 6, 2020

The second wave of deadly Covid-19 or coronavirus outbreak in Australia’s second-largest city, Melbourne is deeply marring the country’s reputation as a standout in suppressing the coronavirus, and risks further damaging a regional economy that relies heavily on international tourists, students and migrants.

Melbourne, capital of Victoria state with a population of just under 5 million, has locked down 12 areas after recording 127 cases overnight, its biggest daily increase. Over the weekend Victorian authorities took the toughest control measures to date in Australia, barring 3,000 residents of nine public-housing towers from leaving their apartments.

Victoria doesn’t have the natural resources that other Australian states have, leaving it heavily reliant on population growth, international students and tourists, said Alex Joiner, chief economist at IFM Investors in Melbourne.

Joiner said said that those drivers of growth aren’t coming back anytime soon. As it becomes more obvious that Victoria is suffering a different type of crisis to the other states, that would deter domestic tourism as well.


(No Like Yet)

Related Posts

Tags:

Comments are closed.

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 WTM 2020
  • 02 WTM London 2020
  • 06 ITB Asia 2020
  • 06 SATTE-GenX-Virtual-Expo
  • 11 i-meet-hotel
  • 13 IMEX 20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 GWS-2020
  • 23 emitt 21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. Hotel Investment Conference Australia New Zealand

      August 12 - August 14
    2. DRT SHOW BEIJING

      August 14 - August 16
    3. IBTM AMERICAS 2020

      August 26 - August 27
    4. UITT

      September 1 - September 3
    5. RBHK Restaurant & Bar

      September 1 - September 3
Get our toolbar!
Review www.travelandtourworld.com on alexa.com