TICSA Tourism Barometer Report Oct – Dec 2023

The TiCSA Tourism Barometer Report for the October to December quarter shows an improved outlook however it is clear the tourism industry is still facing significant challenges including rising operating costs, labour shortages, high interest rates and a slow recovery in international visitation levels.

Despite the improved outlook, the current Barometer readings showed a deterioration in Business Activity, with the index remaining considerably below the neutral level.

However, there are positive indicators. Business investment levels remain elevated, despite the uncertain economic outlook.

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