In 2023, Inbound Tourism Expenditure on Sports and Recreation Services in Australia stood at 1.00 billion Australian Dollars. The forecasted data from 2024 to 2028 shows a consistent upward trend with values projected to rise progressively from 1.03 billion AUD in 2024 to 1.10 billion AUD in 2028. The year-on-year percentage increases are modest: 1.94% from 2024 to 2025, 1.90% from 2025 to 2026, 0.93% from 2026 to 2027, and 1.85% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 1.93%.
Looking ahead, it is vital to monitor several trends that could impact inbound tourism expenditure on sports and recreation services in Australia:
- Potential economic fluctuations could influence disposable income and travel expenditure.
- Global events, including sports competitions or major tournaments hosted by Australia, could spur spikes in tourism.
- Policy changes, particularly those related to visa regulations and tourism incentives, could affect travel patterns.
- Technological advancements and marketing strategies targeting international tourists may enhance expenditure growth.
