The hospitality and tourism sector in Australia has experienced significant growth in recent years, contributing substantially to the nation’s economy. In the 2023-24 financial year, tourism’s gross value added increased by $6.4 billion (up 10.8%) to $65.9 billion, marking the highest level in the time series.
The food and beverage services sector remains a significant component of Australia’s tourism industry. In 2023, the annual revenue for cafes, restaurants, and takeaway establishments nearly reached $64 billion. Despite challenges such as rising operational costs and decreased consumer spending, the sector continues to be a major employer and contributor to the economy.
Tourism’s overall economic impact is substantial. In 2024, the sector is forecasted to have generated more than $150 billion AUD, with both domestic and international travelers driving demand for accommodations, transportation, and recreational activities. Tourism provides jobs for about 660,000 people, making it a vital aspect of both urban and regional economies.
These figures underscore the importance of the hospitality and tourism sector as a dynamic and growing field, offering diverse career opportunities and playing a crucial role in Australia’s economic development.
