Travellers reluctant to head down under
The strength of the Australian dollar is putting many foreigners off taking a trip down under.
People from Europe, the US and Asia have been finding it far less cost-effective to visit Australia because they are not getting anywhere near as much overseas travel money as in previous years.
Although Aussies are receiving the best exchange rates for years when they venture abroad, the country's tourism industry is suffering.
Figures released by the Australian Bureau of Statistics have shown that tourism revenue fell to $2.63 billion in February 2012 – which was the lowest monthly amount since December 2007, the Sydney Morning Herald reports.
Foreigners are spending around $100 million less a month when they visit Australia than they were a year ago.
Managing director of the Australian Tourist Export Council Felicia Mariani feels that a number of other measures – such as increased air duty on long-haul flights from the UK – are having an adverse impact on Australia's travel sector.
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