Confidence climbs as dollar falls
AS INVESTORS, retirees and online international shopping lovers despaired over the tumbling Australian dollar last week, Queensland tourism industry operators were smiling.
International visitors have been put off by the high dollar and more Australians than ever have been taking their holidays overseas, lured by cheap airfares and the strong exchange rate.
Coupled with the floods and cyclones in January, Queensland has had a bad year, with many local operators struggling to make ends meet.
But with the Australian dollar now below parity with the greenback, Queensland tourism could be on its way up again, according to industry figureheads.
The chief executive of Gold Coast Tourism, Martin Winter, said that the fall in the value of the dollar was something to be celebrated.
Read more at the Brisbane Times.