Economic, Social, Political And Environmental Influences...

Introduction In this paper, I will be looking at the economic, social, political and environmental influences that tourism business has on the economy of Australia. Subtopics include employment, imports and exports, and major tourist locations in Australia. This paper looks at historical impacts and how current events are affecting the business and tourism industries and what this means for the future of Australia. Economic To begin a discussion on the economic state of tourism businesses within Australia, an industry that has contributed 46.3 billion AUD or 2.8 percent to the country’s gross domestic product in 2015 with the forecast for 2016 to be 4.1 percent. Of this, 83.5 percent was leisure travel and 79 percent was domestic travel within the country. The percent of GDP from travel and tourism in 2005 was 3 percent and over the next 6 years travel and tourism continually contributed less to GDP while the dollar value remained relatively constant until 2014 when the dollar value and percent of contribution began to increase. The number of jobs created from travel and tourism since 2006 has increased steadily though the percent of whole economy employment has been decreasing, this would imply that the employment of all non-travel and tourism has been growing at a faster pace than that of travel and tourism (World Travel and Tourism Council, 2016). In 2015, Australia had the largest number of visitors from New Zealand, China and the United Kingdom (UK) while theShow MoreRelatedFactors Affecting Hotel Hotels : A Key Reason For Economic Growth Essay1501 Words   |  7 Pagesbase and hotels across Gold coast helps to develop partnership business to make profits. 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