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Complete report is available @ http://www.reportsnreports.com/reports/235201-travel-and-tourism-in-australia-to-2017.html .
The Australian government considers tourism a priority sector and under its Tourism 2020 plans, intends to provide support to key competitors, state and territory governments to increase total overnight expenditure to AUD140 billion (US$147 billion) by 2020. The main components of Tourism 2020 are to expand inflows and expenditure from key Asian markets, to build competitive digital capabilities, to encourage investment by implementing regulatory reforms and to increase the sector’s labor supply. Economic growth will help support government efforts to strengthen the sector. Australia’s economy grew at a CAGR of 3.6% in 2012 − the fastest rate of growth since 2007. Despite a host of challenges, including an appreciation in the exchange rate and the rising popularity and increasing accessibility of new destinations overseas, the nation’s total international arrivals still increased by 4.6% in 2012 to reach 6.15 million tourists.