COVID-19 impacts of inbound tourism on Australian economy

Tien Duc Pham; Larry Dwyer; Jen-Je Su; Tramy Ngo

doi:10.1016/j.annals.2021.103179

COVID-19 impacts of inbound tourism on Australian economy

Ann Tour Res. 2021 May:88:103179. doi: 10.1016/j.annals.2021.103179. Epub 2021 Feb 26.

Authors

Tien Duc Pham¹, Larry Dwyer^{1

2}, Jen-Je Su¹, Tramy Ngo¹

Affiliations

¹ Griffith Institute for Tourism, Griffith Business School, Griffith University, 170 Kessels Road, Nathan, QLD 4111, Australia.
² University of Technology, Sydney, Broadway, Sydney 2007, Australia.

Abstract

The pandemic COVID-19 has severely impacted upon the world economy, devastating the tourism industry globally. This paper estimates the short-run economic impacts of the inbound tourism industry on the Australian economy during the pandemic. The analysis covers effects both at the macroeconomic as well as at the industry and occupation level, from direct contribution (using tourism satellite accounts) to economy-wide effects (using the computable general equilibrium modelling technique). Findings show that the pandemic affects a range of industries and occupations that are beyond the tourism sector. The paper calls for strong support from the government on tourism as the recovery of tourism can deliver spillover benefits for other sectors and across the whole spectrum of occupations in the labour market.

Keywords: Australia; CGE modelling; COVID-19; Economic impacts; Tourism.