Thursday, May 24, 2018

AAoA says accom industry will benefit from infrastructure funding

The accommodation industry is set to benefit from the Federal Budget’s significant investment in infrastructure, according to the Accommodation Association of Australia.

The association said Sydney and New South Wales, together with regional Queensland, are among the areas that stand to gain the most.

Projects that were awarded funding include projects of investment in new infrastructure and upgrades of existing infrastructure, inclusive of the new Western Sydney Airport and the Bruce Highway in Queensland.

The Bruce Highway is one of the single-most important transport corridors for tourism in Australia and the current Sydney Airport is almost at capacity and the accommodation industry welcomes the new Western Sydney Airport with open arms. Additional funding to promote tourism as part of the recovery from Cyclone Debbie will also benefit the areas affected by the downturn in the resource sector largely. Mr Munro says:

“There is no doubt that if the accommodation industry is to realise its growth potential, there must be consistent ongoing and increased investment in marketing Australia as an international destination through Tourism Australia.”

He says, tourism industry businesses pay billions of dollars of taxes every year and this needs to be better understood by Canberra public servants who work in the financial portfolios.

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