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Asian tourists boost Aust tourism industry
A flood of Asian tourists is expected to help the coffers of Australian tourism businesses swell to $130 billion within five years. The travel sector is booming thanks to the Australian dollar's recent tailspin, and is currently worth an estimated $118 billion in revenue, an IBISWorld report shows. That figure is set to balloon to $129.7 billion by 2020/21 as more visitors from neighbouring Asian nations travel Down Under. Travellers to Australia are at record highs, and for the first time ever tourists from greater China - including Hong Kong - overtook New Zealand in September, figures from the Australian Bureau of ... (full story)
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