Australia's domestic tourism consumption of local area passenger transportation services demonstrated significant growth from 2013 to 2019, peaking at AUD 818 million. The COVID-19 pandemic caused a drastic decline in 2020, but the sector rebounded robustly through 2022, reaching AUD 893 million. In 2023, the value stood at AUD 921 million. The year-on-year variation saw a massive drop of -42.9% in 2020, then surged by 66.5% in 2021, and maintained a positive trend up to 2023 with a year-on-year growth rate of 3.14%. The CAGR over the last five years was 3.97%.
Future trends to watch for include:
- Advancements in sustainable travel technology may influence transportation preferences and consumption.
- Potential government initiatives to boost domestic tourism as a countermeasure to international travel uncertainties.
- Economic recovery and consumer confidence will play critical roles in sustaining growth.
- Innovations in local transport networks to enhance tourist experience and convenience.