The big obvious risk is currency.
Currency being if the AUD (or to a lesser extent, NZD) rise too far, tourists stop coming to Australia.
Other real risks (or benefits? See following*) include political risk, although lower, but anything Trump-style will reduce tourism as the US is experiencing already - although take this with a grain of salt:
*Data released this week by travel search engine Kayak reported a 58% decline in searches for flights to Tampa and Orlando from the UK, and a 52% decline in searches for Miami. Searches for San Diego were also down 43%, Las Vegas by 36% and Los Angeles 32%.
Though flight prices are holding firm (they usually take weeks rather than days to adjust to consumer trends), Kayak has identified a knock-on effect on average hotel prices. It found prices in Las Vegas are down by 39% and New York City by 32%.
Flight demand to the US dropped in 94 of 122 countries.
A fall in demand for the US could be good for AU, but there is some risk there.
The big obvious risk is currency. Currency being if the AUD (or...
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