The gross value added (GVA) of tourism from casinos in Australia has shown consistent growth from 2013 to 2023, standing at 862 million Australian dollars in 2023. The annual year-on-year variation peaked at 11.39% in 2013 but gradually decreased, reaching 2.86% in 2023. Over the last five years, the compound annual growth rate (CAGR) was 3.44%, indicating a steady yet moderate increase.
Looking forward, forecasts from 2024 to 2028 suggest a continued upward trend, although the growth rate will likely slow. The 5-year CAGR for the forecast period stands at 1.97%, with an anticipated total growth rate of 10.27% over these years.
Future trends to watch for:
- Potential regulatory changes affecting casino operations.
- Shifts in consumer behavior and spending patterns post-pandemic.
- The impact of technological advancements in gaming and virtual casinos.
- Macro-economic factors influencing disposable income and tourism flow.
