Border closures devastating for tourism industry

Callam Pickering, economist at global jobs site Indeed, has published interesting data showing the devastating impact state border closures are having on the local tourism industry.

Using ABS data, Pickering shows that tourism-related employment is still down 9.3% from December 2019, with the decline in jobs much larger across key areas such as accommodation:

According to Pickering, “the three biggest components of tourism-related jobs is cafes & restaurants (31% jobs share), retail (17%) and accommodation (11.2%). So about 60% of tourism-related jobs are in three industries”.

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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.