NovoFit is an exciting and dynamic new company born from two of Australia’s leading commercial fitness equipment suppliers. NovoFit combines over 45 years of industry expertise, delivering state…read more
Leading consultants suggest Coronavirus impact could deal significant blow to Australian economy
Research by PricewaterhouseCoopers (PwC) found that Australia’s GDP could fall by as much as $2.3 billion and 20,000 jobs could be lost if the 9.2 billion spent per year by Chinese tourists and students declined.
As reported today by the Sydney Morning Herald, the impact would be on top of the damage already done to the Australian tourism industry as a result of the bushfires and drought.
PwC Australia Chief Economist Jeremy Thorpe told the Sydney Morning Herald "we’ve had a soft economy, the drought, the bushfires and now this virus ... It's bad news on top of bad news."
The research came as the Chinese Government imposed a ban on tour groups overseas to try stem the spread of the virus, forcing thousands of Chinese tourists to cancel their plans to travel to Australia.
While the Australian Financial Review suggested that the ban could last for two months, it may last longer if eradicating Coronavirus takes longer.
China Eastern Airways is also taking measures to stop the spread, suspending its Wuhan-Sydney service at least until the end of March. The service runs three times a week and is the only direct link between Australia and Wuhan, where the disease outbreak began.
China is the largest source of short-term visitors to Australia, with 1.45 million arrivals last year.
Meanwhile, the Australian Government is assessing how it can help evacuate Australians still in the city of Wuhan and the surrounding Hubei province.
ABC News has reported that at least 100 Australian children are in the area, from which travel is restricted. They are believed to be in the area celebrating Chinese New Year which occurred over the weekend.
Australian Foreign Minister Marise Payne said “all opportunities” were being explored to get Australians out of the region but there were “limitations” as Australia does not have a consular presence in the area.
At least 80 people have died so far from the virus, with confirmed cases climbing to 2,744 including five people in Australia.
Fears over the spread of the virus seen sporting event cancelled or relocated, theme parks closed and, as of today, Australasian Leisure Management has learned that fitness clubs and gyms in Bejing are closing their doors.
Image: Chinese tourists in South Australia.
27th January 2020 - Coronavirus impacts Asian sporting events
26th January 2020 - Coronavirus fears sees closure of Hong Kong and Shanghai Disney resorts
19th January 2020 - Federal Government announces $76 million bushfire recovery package
9th January 2020 - Bushfires have massive impact on Australian tourism industry
4th January 2020 - VTIC provides advice for businesses impacted by the bushfires
6th June 2019 - China named 2023 AFC Asian Cup hosts
12th August 2018 - PwC report says Sydney is ‘no fun’ for residents
2nd October 2017 - Chinese tourists changing their spending patterns
9th September 2016 - Record 133 million Chinese tourists to travel overseas
26th March 2015 - Study reveals future of Chinese tourism market
29th May 2010 - PwC predicts strong recovery for sports industry
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Neptune Benson is a manufacturer of high quality water filtration and disinfection products for the recreational, industrial, and municipal water markets. With more than 20,000 installations…read more
TJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide. Our…read more
Established in 1994, Ceramic Solutions has excelled at the supply and installation of swimming pool tiles and equipment for the pool and leisure industry, with a focus on the needs of end-users. …read more
AAC ID Solutions is a leading supplier of identification access wristbands, barcoded wristband tickets, lanyards, membership products and RFID solutions for events and venues, working with thousands…read more
SeatGeek is a search engine and mobile-focused ticket marketplace that allows fans to buy and sell tickets for live events. As of August 2018, SeatGeek has exited the Australian, New…read more
iDwala is the Community Sports Surface Specialist offering the highest quality designs and technical expertise to Councils, Schools and Sporting Clubs looking to create sporting…read more
APT (Advanced Polymer Technology) is the leading global manufacturer of polyurethane-based materials, acrylic coatings and synthetic turf products for sporting and recreational applications. From…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!