Just my own research and opinion. As usual DYOR. Australians spent $43+ billion on overseas holidays last year (Total is $65 Billion for all overseas trips). Assuming only half of that is available due to people being jobless, the Vic situation or afraid to fly or prefer drivimg instead, that’s $30 Billion plus on top of existing domestic tourism spend which last year was $77 Billion. Take roughly half of that due to being jobless, Vic situation, people who prefer driving or just scared to fly, it would be $35 Billion. I haven’t taken into account all the job keeper money thrown around or the NZ bubble. If Victoria manages to clear COVID then the domestic spend would higher.
787 off shore, page-18
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