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Wednesday, August 24, 2016

Qantas Results reveal strength of Australian Tourism

The remarkable 2016 profit results released today by Qantas shows the success of Australia's export tourism industry has far reaching impact, with Qantas International showing a $1 billion turnaround from its 2014 results.

“Our industry continues to play a major role in Australia’s economic success and today this is evidenced by the record results recorded by Qantas, which continues to provide an outstanding product for international visitors,” ATEC Managing Director, Peter Shelley said today.

“Qantas has worked hard to align is product with market demands and this, along with the huge growth in international visitation, has underpinned today’s results.

“Qantas has also recognised the value of building strategic partnerships with state and national level tourism marketing bodies and we welcome their commitment to Australia’s tourism industry.”

Mr Shelley said other Qantas airline partnerships and re-allocated routes were connecting well with the current and growing demand from key markets.

“The US, UK, Japan and New Zealand are all markets on the upswing and Qantas has supported increased demand from these markets through re-allocation of capacity.

“The latest forecasts for Australia's tourism exports have been upwardly revised and our international arrivals expected to increase by an additional 5.2 million by 2025, so the commercial sustainability of our national carrier is an important part of the equation.

“We congratulate Qantas on these strong results and its commitment to the growth of Australia’s export tourism industry.”

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