TOURISM BAROMETER JUNE 2020
The TiCSA Tourism Barometer for the April to June 2020 quarter found that business activity decreased to 13 points, which is the lowest level since reporting commenced in 2010.
TiCSA CEO, Shaun de Bruyn said these results demonstrate just how severely tourism businesses across all sectors have been affected by the summer bushfires, drought and COVID-19 crisis.
“Our tourism industry has been hit harder in the last six months than ever before and these results accurately reflect this reality,” he said.
“The travel and social distancing restrictions associated with COVID-19 were the main contributors to poor business activity, with many businesses forced into hibernation during this period.
“Employment and wages also reached a record low in the June 2020 quarter.
“That said, it is great to see optimism regarding future business outlook and investment starting to return, which have both risen from last quarter due to the easing of state border and COVID-19 restrictions.”
Despite South Australia appearing to remain ahead of the COVID-19 pandemic, Shaun said the tourism industry is still vulnerable and faces ongoing challenges amid this unpredictable climate.
“The uncertainty regarding border restrictions is a major challenge that tourism businesses will continue to face,” he said.
“The Federal Government’s recent announcement to extend JobKeeper will provide the additional time needed for tourism businesses to become more financially stable.”
Report prepared in partnership with Lucid Economics.