Knowledge@Australian School of Business

Going Dutch: Tourism and the Resources Boom


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According to Larry Dwyer from the Australian School of Business, the

recent lean years for Australian tourism can be seen as Dutch Disease, a
term coined during the 1970s when the discovery of gas deposits in The
Netherlands led to an appreciation of the domestic currency at the
expense of other local industries. Growth is returning to Australian
tourism with more visitors coming from China than from the traditional
market of Britain and resumed interest from the US. But Dwyer notes that
a slowdown in investment has led to a lack of innovation, resulting in a
tired product. Australia is one of the world's most expensive
destinations, but is it really geared up to deliver quality experiences
for visitors?

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