Household Domestic Tourism Consumption of Tourism Products in Australia is forecasted to grow steadily from 57.35 billion AUD in 2024 to 62.97 billion AUD in 2028. As of 2023, the consumption stood at 55.94 billion AUD. Year-on-year, the expected growth from 2024 to 2025 is 2.52%, from 2025 to 2026 is 2.42%, from 2026 to 2027 is 2.33%, and from 2027 to 2028 is 2.20%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.37%.
Future trends to watch for include:
• Economic factors influencing disposable income
• Domestic policies promoting tourism
• Technological advancements in tourism services
• Environmental and social factors impacting travel behavior
