Internal tourism consumption of sports and recreation services in Australia has shown significant fluctuations over the years. Starting from 6.37 billion AUD in 2013, the value consistently increased, peaking at 8.67 billion AUD in 2018. However, in 2019, there was a sharp decline followed by a drastic drop in 2020 to 3.03 billion AUD due to the impacts of the COVID-19 pandemic. Recovery began in 2021, reaching 6.89 billion AUD, and continued to climb to 7.75 billion AUD in 2022. In 2023, the value stood at 7.83 billion AUD, reflecting a modest increase from the previous year.
Year-on-year variation analysis reveals significant changes, with highs such as a 127.64% increase in 2021 and lows like a 56.31% decrease in 2020. The 5-year Compound Annual Growth Rate (CAGR) varied greatly, reflecting economic and social disruptions. From 2016 to 2020, the CAGR was -15.64%, while for the period ending in 2021, it was -2%. However, moving forward from 2024, the forecasted 5-year CAGR is projected to be modest at 0.9%.
Future trends to watch for include:
- The impact of post-pandemic travel habits and preferences on the tourism industry.
- Potential economic factors that could influence domestic tourism spending on sports and recreation.
- Government policies and investments in sports and recreation facilities that could boost internal consumption.
- Technological advancements and digitalization in tourism services.
