Tourism and investment fueling Queensland economy

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Tourism and investment fueling Queensland economy

In a red letter day for tourism investment in Queensland, three major announcements will further boost the confidence in tourism’s capacity to drive economic growth and employment for the state.

QTIC Chief Executive Daniel Gschwind said the announcements come at a time when the $23 billion Queensland tourism sector is already providing much good news for the economy.

“Market conditions provide opportunities for tourism and it is the innovative investors and the dedicated tourism operators throughout the state who will deliver the rich rewards to all Queenslanders by creating jobs and spreading community wealth,” Mr Gschwind said.

“The tourism industry is hitting its stride with international and domestic demand, providing a critical driver for an evolving Queensland economy.

“Tourism is already doing a lot of heavy lifting, currently employing 241,000 Queenslanders and adding more every day.

“Today’s investment announcements will set us on a path to capture more tourism potential and deliver greater job opportunities.”

The three announcements were:

1.     Federal government approval of $300m redevelopment for the Gold Coast Airport which will see the first stage completed in time for the Commonwealth Games in 2018, delivering a high-quality welcome to Gold Coast visitors.

2.     The Star Entertainment Group, already engaged in major investment initiatives on the Gold Coast and in Brisbane, has commenced planning for an additional new hotel tower at its Jupiters integrated resort on the Gold Coast. This will bring their new investment on the Gold Coast to $850 million.

3.     The Queensland Government will progress to the next phase of the Port of Brisbane cruise ship terminal development near the mouth of the Brisbane River. The cruise potential for Queensland, and its proximity to the Brisbane Airport, will make Queensland more competitive in the expanding cruise market.

Queensland’s tourism industry is the second largest export earner in the state and accounts for one-in-eight registered businesses and one in 10 workers.

QTIC is the peak industry body for tourism in Queensland, acting as “The Voice of Tourism”.  QTIC is a private sector, membership-based organisation representing the interests of the tourism and hospitality industry across Queensland.

 

 

 

 

Source = Queensland Tourism Industry Council
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