Bogan exodus gives way to Chinese influx

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By Leith van Onselen

July was a better month for Australia’s tourism industry, with the release yesterday of the overseas short-term arrivals and departures figures showing a solid rise in the number of inbound tourists and a reduction of out-bound tourists.

The number of short-term visitor arrivals rose by a seasonally adjusted 1.0% in July, whereas short-term resident departures fell by 0.7% over the month. The the ratio of annual arrivals to departures also rose to 74.6%, recovering most of last month’s fall (see next chart).

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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