Tourism industry begs for $7.7b JobKeeper bailout
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Tourism & Transport Forum CEO Margy Osmond warns that the tourism industry will shed another 318,000 full-time jobs by the end of 2021 if it does not receive government support after the JobKeeper scheme ends.
The TTF wants a $7.74 billion industry-specific wage subsidy to replace JobKeeper, via a two-tier payment structure based on the impact of COVID-19 on revenue.
Osmond says Australia will not have a tourism industry by this time next year unless the government provides financial assistance.
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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.