The accommodation industry has welcomed several aspects of the Federal Budget, including an increase in funding for Tourism Australia.
The Chief Executive Officer of the Accommodation Association of Australia, Richard Munro, said the industry is also positive about the 1.5 per cent cut in the corporate tax rate for small businesses and measures to promote infrastructure investment in northern Australia.
“Australia’s accommodation industry is pleased with the Federal Government’s stronger commitment to Tourism Australia,” Mr Munro said.
“It’s vital that Tourism Australia, as our leading international tourism marketing agency, continues to be resourced to enable Australia to attract more visitors which is why the extra funding in the Federal Budget is important.
“The funding pledge will assist with ensuring Australia is able to continue to compete in the aggressive global market for international visitors.
“Operators of accommodation businesses will also benefit from the 1.5 per cent reduction in the corporate tax rate for small businesses.
“This measure will provide much needed relief for our industry, particularly in regional areas where running a successful small accommodation business is a challenge.
“The Government’s vision of promoting investment in northern Australia has the potential to generate significant business for accommodation operators in the Northern Territory, as well as northern Queensland and WA.
“New infrastructure in northern Australia will translate to more room nights both during the planning and construction phases, as well as once projects are complete.
“The more new economic activity in northern Australia there is, the better off the accommodation industry together and the broader economy will be.”
Mr Munro said these Budget announcements demonstrate that supporting tourism continues to be a high priority for the Government.