The forecast for tourism consumption of education services in Australia shows steady and sustained growth from 2024 to 2028. The values, in Billion Australian Dollars, start from 10.06 in 2024 and reach 11.59 by 2028. This represents an incremental increase each year, demonstrating a positive trend in this sector.
To contextualize, the tourism consumption of education services in 2023 was valued at 9.71 billion AUD. The year-on-year variations are:
- From 2023 to 2024: 3.6% increase
- From 2024 to 2025: 3.9% increase
- From 2025 to 2026: 3.7% increase
- From 2026 to 2027: 3.5% increase
- From 2027 to 2028: 3.3% increase
The Compound Annual Growth Rate (CAGR) over the past five years stands at approximately 3.6%, highlighting a consistent upward trend that reflects the increasing demand for educational services by international tourists.
Looking forward, trends to watch include potential impacts from global mobility patterns, changes in visa policies, and innovations in remote and hybrid learning models that could influence the attractiveness of Australia as an educational destination.
