In 2023, internal tourism expenditure on sports and recreation services in Australia stood at 9.00 billion Australian Dollars. The forecast from 2024 to 2028 suggests a consistent year-on-year growth in expenditure: 9.23 billion in 2024, 9.48 billion in 2025, 9.73 billion in 2026, 9.98 billion in 2027, and 10.23 billion in 2028. The year-on-year percentage variations are as follows:
- 2024: +2.56%
- 2025: +2.71%
- 2026: +2.64%
- 2027: +2.57%
- 2028: +2.50%
Over the past five years, the compound annual growth rate (CAGR) for internal tourism expenditure on sports and recreation services is approximately 2.60% per annum. This steady increase signals a consistent and moderate growth in the sector.
Future trends to watch for include the impact of emerging sports and recreational activities, advancements in technology enhancing tourist experiences, and potential economic fluctuations that could affect internal tourism expenditure patterns.
