Sponsored Listings:
HSBC said, “As with education, demand from East Asia and in particular China has driven this growth, and Australia has become a popular overseas destination for Chinese tourists.” Personal travel apart from education has also grown rapidly in Australia over the last 15 years. Growth in tourism and travel exports is expected to increase by more than seven percent annually between 2016 and 2030, as predicted by HSBC.
It also stated that business to business services, such as financial services, would become an ‘increasingly important’ source of revenue. The value of Australia’s services exports, on the whole, would rise almost 7.4% annually to reach $144 billion by 2030 and raw materials would dominate Australia’s goods exports.
Source: travelnewsdigest.in