• Victoria Tourism Industry Council (VTIC)
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BUDGETS CONTAIN LITTLE TO STIMULATE TOURISM AND EVENTS

23 /05/ 2012 Comments are Closed

While the 2012-13 Federal Budget contained some benefits for tourism these were tempered by a combination of tax increases and omissions that represented a missed opportunity for the industry as a whole.

Overall, from a business and tourism perspective the Budget does little to stimulate competitiveness and growth. Wins such as the new Asian Marketing Fund, Olympic Park Precinct development and funding allocated to Museum Victoria for the Royal Exhibition Building enhancement were overshadowed by a lack of ‘game-changing’ infrastructure projects and wide-spread tax reform.

In the context of the impending carbon tax and increased superannuation contributions, the Budget has not helped to lower costs for the industry. The tourism and events sectors will need to continue to be innovative and creative to ensure longevity and sustainability in the face of economic and political uncertainty both at home and abroad.

To read a summary of the relevant Budget measures and the implications for our industry, click here.

In further disappointing news for tourism and events, the State Budget also contained few offerings for these vital sectors of the economy.

While additional funding for Puffing Billy, the Melbourne Park redevelopment and Zoos Victoria and the continuation of funding for the significant sporting events program were positive initiatives, what was missing was dedicated funding for the Melbourne Convention and Exhibition Centre extension. This project is key to positioning Melbourne as the nation’s premier event host for international business visitors.

VTIC

About the Author

VTIC

The voice of the Victorian tourism industry, representing key industry associations, operators and government agencies.

Events

june

27jun6:00 pm- 8:00 pmYoung Tourism Network presents: Disruptors & Innovators6:00 pm - 8:00 pm Crown College
28jun1:00 am- 3:00 pmDaylesford & the Macedon Ranges Tourism Excellence and Awards Information Session1:00 am - 3:00 pm Creswick Woollen Mills
29jun4:00 pm- 6:00 pmHigh Country Tourism Excellence and Awards Information Session4:00 pm - 6:00 pm Bright Brewery

july

3jul11:30 am- 3:30 pmEildon Tourism Excellence and Awards Information Session11:30 am - 3:30 pm Holmesglen at Eildon
5jul5:30 pm- 7:30 pmVTIC Mixer Series 2017 - July Tourism Networking Event5:30 pm - 7:30 pm Radission Flagstaff Gardens Melbourne
24jul - 25jul 249:00 amjul 252017 Victorian Tourism Conference9:00 am - 5:00 pm (25) Flemington Racecourse

august

10aug6:00 pm- 8:00 pmYoung Tourism Network presents: Alert! Crisis Management6:00 pm - 8:00 pm Crown College

october

10oct6:00 pm- 8:00 pmYoung Tourism Network presents: Career Blueprints6:00 pm - 8:00 pm Crown College