• Victoria Tourism Industry Council (VTIC)
  • fb_icon
  • li_icon
  • tw_icon
  • yt_icon

Mixed results for Victoria’s tourism industry in Federal Budget

09 /05/ 2018 Comments are Closed

This year’s Federal Budget has delivered a mixed bag for Victoria’s tourism industry with wins and losses in some key areas.

Victoria Tourism Industry Council Chief Executive Felicia Mariani has welcomed the Federal Government’s major investment for the Melbourne Airport Rail Link and the expansion of Avalon Airport as well as $45 million to improve tourism related infrastructure as part of the overall $206.5 million Building Better Regions Fund.

Tourism businesses will also benefit from the extension of the $20,000 instant asset write-off for a further 12 months, the cutting of the company tax rate to 25 per cent over a 10-year period. As well, cuts to personal income tax rates will encourage people to spend more and engage in more events and leisure tourism activities across the state.

“VTIC welcomes any initiatives that cut expenses for our tourism operators and put more money into the pockets of consumers who can then spend this new discretionary income across retail, tourism and hospitality,” Ms Mariani said.

“The significant infrastructure funding announced in the Federal Budget, particularly the $5 billion to support the Melbourne Airport Rail Link and the $20 million to expand Avalon Airport’s footprint as an international terminal are both exciting projects that speak directly to our advocacy efforts.

“The Melbourne Airport Rail Link is a vital piece of connecting infrastructure for Victoria and we would urge the State and Federal Governments to continue dialogue to resolve the issues around the most appropriate route and funding arrangements.

“This is a critical project to a destination that will become Australia’s most populated city by 2030.”

Ms Mariani said Victoria’s $25 billion tourism industry would continue to work with the State and Federal Governments to secure critical investments to support and grow the visitor economy.

“VTIC is hopeful that the Federal Government will match the State Government’s $153 million commitment to an iconic Australian road trip, considering that the Great Ocean Road sees more visitors each year than Uluru and the Great Barrier Reef combined.”

VTIC

About the Author

VTIC

The peak body for Victoria's tourism and events industry, VTIC represents key industry associations and operators, with over 1400 members.

Media Manager:

Media enquiries: media@victorianchamber.com.au,

Samantha Nixon, Media and Communications Manager
03 8662 5156 / 0423 883 945

Ellana Katos, Media Advisor
03 8662 5205 / 0400 976 889

Bradley Green, Social Media and Communications Advisor
03 8662 5279 / 0419 754 743

Events

august

22aug(aug 22)9:00 am24(aug 24)1:30 pmFeatured2018 Victorian Visitor Information Services (VIS) Summit9:00 am - 1:30 pm (24) Capital Theatre

22aug5:30 pm8:00 pmVictorian Chamber Presents: Fast Forward Speed Networking5:30 pm - 8:00 pm

28aug9:00 am12:00 pmDestination Melbourne presents: Transformative Technology Workshop9:00 am - 12:00 pm Citadines on Bourke

september

05sep5:30 pm7:30 pmVTIC 2018 Mixer Series - September Tourism Networking EventConnect and reconnect at our monthly mixers5:30 pm - 7:30 pm DoubleTree by Hilton Melbourne

11sep9:00 am5:00 pmDestination Melbourne presents: The Exchange9:00 am - 5:00 pm

october

16oct6:30 pm8:00 pmYoung Tourism Network presents: Emotional Intelligence with Mel Neil6:30 pm - 8:00 pm Victoria University

november

22nov6:00 pm11:00 pm2018 RACV Victorian Tourism Awards – Gala CeremonySave the Date6:00 pm - 11:00 pm Palladium at Crown Dress Code: Black Tie

X