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The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures statistics for the month of March, which reveals a massive decline in visitor numbers on the back of COVID-19 travel bans.
The number of arrivals collapsed by 60.3% in March versus the same month last year, whereas departures also collapsed by 64.9%:
In rolling annual terms, arrivals slumped 7.9% from January’s peak, whereas departures are down 5.0% over the same period:
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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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