In 2023, the per trip consumption of food and beverage products by tourists in Australia stood at 54 Australian Dollars. Forecasted values indicate a steady increase, with figures reaching 54.5 AUD in 2024, 54.8 AUD in 2025, 55.2 AUD in 2026, 55.5 AUD in 2027, and 55.7 AUD in 2028.
Year-on-year percentage variations are as follows:
- 2024: 0.93%
- 2025: 0.55%
- 2026: 0.73%
- 2027: 0.54%
- 2028: 0.36%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 averages at 0.63% annually.
Future trends to watch for include changes in tourist demographics, shifts in consumer preferences for food and beverage products, and global economic conditions that may impact tourist spending behavior in Australia.
