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Financial crisis faced by Tourism in Australia by Mind Map: Financial crisis faced by Tourism in
Australia
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Financial crisis faced by Tourism in Australia

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Strategies to deal with the effects of the financial crisis on tourism.

Stimulus package to urge people to go away for holiday.

Focusmarketing on better

Focus more on quality of customeimprovingr service.

Extending transport system infrastructure

Address labour shortages.

Better use of technology- programs help customers to book online more easily.

People should start to save money.

Negative aspect

The decreasing of tourist

Less spending on tourism by consumers and government.

Low hotel occupancy rate.

Shattered consumers’ confidence

Higher unemployment in tourism.

Less interstate travel.

Positive aspect

Local communities - can gain a greater share of market as competitors pull back.

The intrastate market will benefit

Weaker Australia dollar-stronger domestic travel.

Australia long-term tourism growth pattern

More modest

More solid

More responsible

Factors contributing to the financial crisis in Australia

Bad loans

Prices of houses too high

People could not afford large sums of money to buy houses

Householders responded by cutting their discretionary spending.