City of Launceston
Tourism and hospitality value
In 2016/17 , the total tourism and hospitality sales in City of Launceston was $821.0m, the total value added was $449.5m.
Tourism and hospitality are key industries and major contributors to Australia’s economy. However it has not been well represented in economic profiles in the past, because it actually includes parts of many different traditional industries.
The Australian Bureau of Statistics publish the “Tourism Satellite Account” which is a separate set of national accounts which look at the value and contribution of tourism in the national economy.
This dataset presents National Economics microsimulation model of the tourism satellite account at the local level, showing the value of total sales and value add, as well as annual estimates of employment and FTE employment for the tourism sector.
Understanding the current role of your tourism sector is important if you are looking at attracting visitors to your area, and as information for businesses looking to locate in the area.Tourism data should be viewed in conjunction with broader industry data in the Value added, Output and Employment by industry (Total) topics, as well as tourism Workforce characteristics.
National Economics (NIEIR) - Modelled series
|Value of tourism and hospitality|
|City of Launceston||2016/17||2011/12||Change|
|Measure||City of Launceston||% of total industry||Tasmania%||City of Launceston as a % of Tasmania||City of Launceston||% of total industry||Tasmania%||City of Launceston as a % of Tasmania||2012 to 2017|
|Employment (total)||Employment (total)||--||--||--||--||--||--||--||--||--|
|Employment (FTE)||Employment (FTE)||--||--||--||--||--||--||--||--||--|
|Output/Sales ($m)||Output/Sales ($m)||--||--||--||--||--||--||--||--||--|
|Value added ($m)||Value added ($m)||--||--||--||--||--||--||--||--||--|
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2016. Compiled and presented in economy.id by .id (opens a new window), the population experts.
Data is based on 2016-17 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.