Domestic tourism expenditure on sports and recreation services in Australia exhibited a growth trajectory from 2013 through 2018, peaking in 2018 at 7.36 Billion AUD. Notably, 2019 saw a significant dip with an 18.8% decline, followed by an 18.23% decrease in 2020, likely due to the global pandemic. However, a robust recovery is visible in 2021 with a remarkable 31.13% increase, continuing into 2022 and 2023 with moderate growth rates of 8.44% and 5.96%, respectively. The expenditure reached 7.37 Billion AUD in 2023.
Forecasted data from 2024 to 2028 predicts steady growth, with a 2028 value of 7.98 Billion AUD and an average annual growth rate (CAGR) of 1.23% over this period. This gradual increase indicates a stabilization phase post-pandemic recovery.
Future trends to watch for:
- The potential impact of economic factors such as inflation and consumer spending power on tourism expenditure.
- Technological advancements and digital transformations in sports and recreation services.
- Potential disruptions from global or local economic and health events.
- Changing consumer preferences towards sustainable and health-oriented recreational activities.
- Government policies and investments in tourism infrastructure and sports facilities.
