Tourism sector braces for loss of more than half its usual revenue in Christmas-New Year period

Published on : Tuesday, December 29, 2020

The tourism industry is preparing to lose more than half its usual revenue in the Christmas-New Year period due to state border closures, giving rise to longer-term financial aid. States shut down their borders to Sydneysiders – and in some cases all of NSW – in the week before Christmas, thereby pushing holiday plans for many Australians into confusion at a time when the tourism industry is usually at its busiest.

The Tourism and Transport Forum has estimated that Australians usually spend $5.5 billion on travel, accommodation and tourist activities between December 24 and January 11. This year, tourism expects losing $2.9 billion of that to people who are not able to or reluctant to travel because of the virus outbreak on Sydney’s northern beaches.

“It’s kind of a double whammy – not only is money not going to be spent but it’s also the most sensitive time of the year for this to have happened,” TTF chief executive Margy Osmond said.

Tourism operators will have crisis talks with new federal minister Dan Tehan on Tuesday. Businesses in NSW are together losing $125 million a day due to border closures that are limiting interstate visitors. Other states including Victoria are losing out $172 million a day that NSW visitors would be spending on their holidays.

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