The tourism output of rail transportation in Australia in 2023 stands at 1180.0 Million Australian Dollars. From 2013 to 2019, there was consistent growth with minor fluctuations, hitting a high of 1090.0 in 2019. A sharp decline of -43.59% occurred in 2020 due to the pandemic, dropping to 614.88. The industry rebounded significantly by 2021, growing by 64.67%, and continued to improve through 2022 and 2023 with year-on-year variations of 13.68% and 2.26% respectively. The 5-year CAGR leading up to 2023 was 2.9%.

Future trends to watch for:

Steady forecasted growth from 2024 to 2028 with a 5-year CAGR of 1.75%.
Overall forecasted growth during this period expected to be 9.04%.
Possible influences from changes in public health policies, technological innovations in rail travel, and shifts in tourism patterns.