FLT declining dollar wont stop Aussies from travelling

first_imgTourism identified for driving economical growth. There are no indications that the falling Australian dollar has or will affect the way people travel.Flight Centre managing director Graham Turner said in a recent interview that while some have forecast a lessening in travel expenditure, domestic and international travel remains strong for his business.“Previously, there seemed to have been no effect when the Australian dollar falls but we will see this time – it depends on how far the dollar falls and how quickly,” Mr Turner told Financial Review.Domestic travel currently accounts for approximately 30 percent of Flight Centre’s overall sales.Mr Turner identified tourism as a driving tool for growth within the Australian economy but added that the country’s lofty labour costs were a concern.Yet, the Flight Centre boss was hopeful that the softer Australian dollar may encourage more inbound international visitors from weaker western markets, such as Europe and the US.“Australians are going overseas but we need good strong strategies to bring people to Australia and get them to stay for a reasonable period,” Mr Turner said.Mr Turner also identified a lack of flexibility in wages as a major deterrent within the Australian travel and tourism industry and the need for a change in government at the next federal election.Source = ETB News: P.T.last_img

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