Investing in Tourism
Tourism Project Feasibility Guide
Local government investment in tourism
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Tourism industry growth
Tourism is a key driver of economic growth in Queensland, contributing $8.8 billion to the State’s economy and accounting for 4.5% of Queensland’s Gross State Product (GSP).
Queensland attracts just over 19 million domestic and international overnight visitors annually with a collective spend of over $16 billion.
Over the past decade, tourism has emerged as one of Queensland’s fastest growing export industries, one which is making an increasing contribution to the economic development of the State and improving the quality of life for all Queenslanders. Tourism is the State’s second largest export earner, generating $3.9 billion annually for the economy and indirectly contributes an additional $5.6 billion.
Tourism is a significant employer for Queenslanders, providing over 119,000 jobs or 5.7% of all persons employed in the State. Tourism indirectly creates an additional 84,000 jobs for Queenslanders.
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Resources For more information on Queensland's dynamic economy, contact the Department of Tourism, Regional Development and Industry, Invest Queensland or visit the Queensland Government Office of Economic and Statistical Research . For more information about the Australian economy, visit Invest Australia. |
New opportunities
The tourism industry encompasses a wide range of market segments with their breadth of motivations and needs. There is considerable scope for more tourism investment in accommodation, attractions, transport and tour operations.
To keep you in touch with the latest in destination/regional research, information on visitor markets and development issues and opportunities, links and contacts refer to Queensland’s Destination Management Plans (DMPs). These plans are a 'one stop' source of information designed to provide clear and consistent direction for the marketing and development of each destination.
Mentoring for Growth
Mentoring For Growth is a Department of Tourism, Regional Development and Industry initiative for tourism operators to address their growth challenges. Bob Cobavie, a convenor of the program discusses the benefits of Mentoring For Growth for tourism operators. Professionals and business specialists in different disciplines provide advice to business operators to overcome problematic obstacles to their growth. Hidden Valley Cabins have identified key development issues and the necessary actions to address them.
Your Business Success Part 9 - Mentoring for Growth
Tourism Project Feasibility Guide
The Tourism Project Feasibility Guide is targeted at tourism operators (particularly small-medium sized), potential investors and local communities to help turn tourism concepts and ideas into commercial reality. It is a valuable tool that offers a step-by-step guide to planning and determining the viability of new tourism ventures.
It includes information on project development and eight case studies that highlight the elements of successful tourism venture planning. While there is no model to fit all situations, the case studies provide prospective operators with the opportunity to learn from the successes and challenges others have encountered.
Together with the Regional Tourism Infrastructure and Investment plans (RTIIPs), the Guide is a comprehensive tool available to facilitate tourism development across the state.
Case studies of successful tourism ventures contained in the Guide include:
- RiverLife adventure and activity operation in Brisbane
- Lagoon at Airlie Beach in the Whitsundays
- Outback@Isa underground mine experience and fossil centre at Mount Isa
- Gold Coast Convention Centre
- Lark Quarry Dinosaur Trackways at Winton
- Cosmos Centre at Charleville
- Kronosaurus Korner Richmond Marine Fossil Museum at Richmond
- Cape York Turtle Rescue Project at Mapoon.
Download the Tourism Project Feasibility Guide .
Local government investment in tourism
Tourism provides many benefits and helps to generate community support and involvement. It is a many layered, complex and diverse service industry made up of a wide variety of stakeholders who must work together to service the needs of visitors.
Local government in Queensland is in a unique position to initiate, facilitate and support the development and promotion of local tourism.
Find out about what tourism is all about, the benefits and how it works in Queensland with this simple and comprehensive overview, Tourism works for Queensland .
Tourism Queensland has produced a number of resources to assist local governments in the development of a sustainable tourism industry, view an overview of Tourism resources .
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The Queensland Government (particularly through Tourism Queensland and the Department of Tourism, Regional Development and Industry) strongly supports the development and marketing of the industry.
The Queensland Tourism Strategy exemplifies the Government’s commitment to keeping Queensland at the forefront of Australian tourism. The Strategy gives direction, clear targets and actions for completion by government and industry to address the challenges and opportunities facing the industry while reflecting government, industry and community priorities.
Invest Queensland provides a wealth of information, advice and assistance on investing in Queensland.
AusIndustry is the Australian government’s business program delivery division of the Department of Resources, Energy and Tourism and provides a range of incentives to support business innovation.
Austrade provides export and investment services to Australian companies and international buyers and investors. Austrade has offices location both internationally and in Australia offering practical advice, market intelligence, and ongoing support.
