Tourism plays a significant part in Australia’s economy, contributing 3.2% to GDP and 4.9% to employment in 2016–17. Tourism’s contribution to national GDP has been growing steadily over the past few years, outpacing the performance of the wider economy. In 2016-17, the tourism sector directly contributed $55 billion to GDP and employed 598,200 Australians.
Over the past 10 years, Royalties for Regions (RfR) has provided $208 million in funding for regional tourism projects in Western Australia, with a wide diversity of projects being funded across nine development regions. Synergies undertook an evaluation to provide insight to the extent to which the RfR investments have contributed to economic growth and what factors need to be considered for future public investment in regional tourism.
The Shire of Esperance is examining options for replacing the 80-year-old Esperance Tanker Jetty, which is currently in a dilapidated state. Synergies, in partnership with Whitney Consulting, was engaged by the Shire to prepare a cost benefit analysis as part of a business case for restoring the structure, with consequent tourism and amenity benefits for Esperance. The Shire used the business case and supporting analysis to apply for funding from the Australian Government’s Building Better ...