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Roy Morgan has released new research showing that Australia’s tourism industry is growing only because of strong population growth:
It’s Official: Australian population growth since 2000 is powering the travel industry as proportionally fewer Australians are taking a holiday today than two decades ago.
In 2000/01 some 10.7 million Australians each year had at least one holiday, including 10.3 million who took a domestic holiday and 2 million who travelled overseas on holiday. Some Australians took both domestic and overseas holidays.
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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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