Household Domestic Tourism Consumption in Australia has been on an upward trajectory. In 2023, consumption stood at a certain benchmark, growing to a forecasted value of 98.96 billion AUD in 2024. This trend continues with forecasted values reaching 101.23 billion AUD in 2025, 103.46 billion AUD in 2026, 105.64 billion AUD in 2027, and 107.77 billion AUD in 2028.
Year-on-year variations indicate a consistent growth:
- 2024-2025: 2.29%
- 2025-2026: 2.2%
- 2026-2027: 2.11%
- 2027-2028: 2.02%
Over the last two years, the average annual growth rate stood at approximately 2.2%, while the five-year compound annual growth rate (CAGR) from 2024 is around 2.155%.
Future trends to watch for include potential disruptions from economic fluctuations, changes in consumer behavior influenced by global events or technological advancements, and policy changes impacting tourism infrastructure and spending.
