The forecast for outbound tourism consumption in Australia indicates a steady increase from AUD 59.68 billion in 2024 to AUD 66.87 billion in 2028. In 2023, this value stood at AUD 58.00 billion, showing the following year-on-year variations: from 2023 to 2024, there is an increase of 2.9%, from 2024 to 2025 of 3.1%, from 2025 to 2026 of 3.0%, from 2026 to 2027 of 2.8%, and from 2027 to 2028 of 2.7%. The compound annual growth rate (CAGR) over these five years is approximately 3.0%.
Future trends to watch for include the impact of global economic conditions on travel budgets, changes in international travel regulations, advancements in travel technology, and evolving consumer preferences towards sustainable tourism. The industry must remain adaptable to these influences to sustain and potentially enhance growth in outbound tourism consumption.
