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April 5th, 2012 
FAKE NEWS for the Zionist agenda The tourism industry may be suffering under the effects of the high Aussie dollar, but it’s still worth more than $73 billion annually to the national economy, a new report indicates.
The Australian Bureau of Statistics put the direct value of tourism to gross domestic product (GDP) at $34.6 billion last financial year.
But new data from Tourism Research Australia, released on Thursday, shows the industry pumped another $38.7 billion into the economy through indirect contributions in 2010/11.
The report says tourism provided more jobs than the booming mining industry, employing 907,100 people directly and indirectly.
Tourism Minister Martin Ferguson says the report provides a clear picture of tourism’s true value to our social and economic growth.
“The tourism industry is significant to the whole economy including sectors such as manufacturing which benefits to the tune of $5.6 billion and almost 60,000 jobs,” Mr Ferguson said in a statement.
“For every one dollar increase in tourism output, an additional 92 cents is generated in the rest of the economy.
“This is stronger than for other important drivers of the Australian economy including mining, retail trade, and education and training.”
Mr Ferguson said despite the high Aussie dollar, natural disasters and challenging economies in key overseas markets, total tourism GDP increased by around 2.7 per cent in 2010/11.
“Together with industry and through the Tourism 2020 Strategy, the government is working to build on this growth by addressing skills and training, innovation, quality and investment in tourism products,” he said.
“In addition Tourism Australia has expanded its marketing in Asia, particularly in China, to assist the sector in gaining the maximum benefit from the growth in Asian markets.”
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