New research by The Hindu shows that China is planning to double its tourism spending from around $7 billion a year to $10 billion by the end of the decade.
The latest data released by the Bureau of Statistics shows that the world’s second-largest economy is expected to spend $6.6 billion more than the previous estimate of $4.6-billion.
China is already on track to become the world ‘s second-biggest tourism destination in 2019.
In fact, the bureau said the total value of Chinese visitors to Australia has doubled in the past two years.
Australia’s tourism sector is expected for another boost next year.
Tourism Minister Scott Morrison said it would bring in $2.3 billion in tax revenue.
“The Government is committed to growing our economy and creating more jobs and opportunities for Australians.
As a nation we have to continue to invest in our infrastructure, infrastructure that provides jobs and opportunity for our people, our businesses and our communities, and the new investments in the sector will continue to be a boost to our economy,” Mr Morrison said.”
As we move forward, we will also ensure that we continue to strengthen our partnerships with the Chinese and strengthen our economic relationship with the Commonwealth, as well as other partners around the world.”
The latest figures showed China had surpassed Japan as the world ”most popular” destination, with more than 2.5 million visitors.
China has overtaken Japan to become Australia’s biggest tourist market, with around $3 billion spent in the country last year.
China accounts for more than 90 per cent of all Chinese visitors.
Tourism is one of the largest sectors in the Australian economy and the bureau expects it to generate $8.3-billion in tax revenues by 2020-21.
Mr Morrison said China’s economic boom was creating jobs, attracting investment and bringing more foreign investment to Australia.
China will also be among the top four tourism destinations in the world, surpassing the United States, Mexico and the United Kingdom, he said.
Australia’s tourism industry will have to keep up with the demand, but Mr Morrison believes the country can grow its tourism industry to become a major destination.
New figures released by The Australian National University show that the country’s tourism revenue in 2019 was $6 billion.
The total value had doubled from the previous year.
The figures also show that China has been adding more than 4,000 hotel rooms a day to meet demand, as more than 40,000 Chinese visitors are expected to arrive in Australia this year.