As international travel increases in relative expense, domestic markets are expected to improve.
Melbourne, Australia (PRWEB) January 06, 2014
The Scenic and Sightseeing Transport industry in Australia is comprised of operators that provide transport services in and around Australian tourism sights. The industry allows its customers to experience Australian tourist destinations via a range of modes of transport. The industry's main activities do not involve point-to-point transport between discrete locations in Australia. These services are provided by larger passenger transport industries, such as passenger aviation, rail, long-distance bus providers and cruise operators. According to IBISWorld industry analyst Caroline Finch, “the industry's activities are dominated by maritime transport for sightseeing or recreational purposes, such as charter boat operation and same-day cruises”.
Industry revenue depends on the health of the broader domestic tourism sector. Few industry operators offer services that are notable enough to draw travellers to an area on the basis of the services alone. The industry relies on good tourism infrastructure, such as transport connections from mainstream passenger transport, the presence of accommodation and related tourism providers. Over the five years through 2013-14, the industry has struggled due to drops in demand in domestic tourism markets. “These challenging conditions were worsened by a string of natural disasters in Queensland in 2010-11, which represents a major area of industry activity,” says Finch. Industry revenue is expected to contract at a compound annual rate of 0.4% over the five years through 2013-14 to $1.3 billion. In 2013-14, revenue is expected to grow by 6.5% as demand for domestic tourism rebounds in the industry's favour. The industry is highly fragmented, with few enterprises operating out of more than one establishment and no major players.
In the next five years, demand trends in the Scenic and Sightseeing Transport industry' s major markets are expected to shift. Notably, the Australian dollar is expected to moderate. A weaker dollar makes Australia more competitive in global tourism markets, a factor driving the forecast growth in the current year. Expected improvements in the world economy over the period will provide an additional boost to international visitor numbers. At the same time, as international travel increases in relative expense, domestic markets are expected to improve.
For more information, visit IBISWorld’s Scenic and Sightseeing Transport report in Australia industry page.
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IBISWorld industry Report Key Topics
Companies in the industry manufacture a range of ceramic products mainly for building or industrial applications. This includes shaping and kiln firing clay-based, non-metallic minerals to produce ceramic sanitary ware products; ceramic tiles and pipes; refractory products; clay, porcelain and vitreous china.
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