The Australian Prime Minister and Australian travel industry is preparing for almost all international travel and tourism to be banned until at least July 2021.
The Sydney Morning Herald today reported the Australian tourism industry was facing a $55 Billion hit on the timeline, with leaders preparing the industry for another year of restrictions.
Analysts and advisors are telling Tourism industry leaders across Australia to brace for an international travel ban – with the hopeful exception of New Zealand – to July 2021 at a minimum.
The industry is set to contract even more if domestic travel restrictions remain in place into 2020 and beyond.
Prime Minister Scott Morrison told reporters on Friday that it was “not unreasonable” to assume international travel will not resume until July 2021, “But no one really knows. And that’s the problem,” he said.
The Australian domestic holiday market was worth $54.3 billion in 2019, but is expected to drop 26 per cent to $40.2 billion in 2020-21.
Right now, all international travel from Australia is banned and only allowed under exceptional circumstances.
Under strict laws designed to stop the spread of COVID-19, the federal government has banned Australians from flying abroad in all but essential circumstances.
Anyone returning to Australia is required to enter a mandatory 14-day isolation in a hotel, supervised by local police and in some cases the Australian Defence Force.
“Travel is still off the books for the foreseeable future. But there will come a time, and perhaps for those Australians who can, it’s a good chance to do a little bit of dreaming. Look up your favourite Australian tourism destination, or the one you might love to visit in the future, and think about what you could do in the months and years ahead,” the Tourism Minister said in May.
Australia’s Major international airline Is looking to cut costs by $15 billion.
more updates to come.
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Ryan is Contributing Editor