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Regional Australia bounces back as Aussies explore their own backyards
Regional Australia has experienced a sharp bounce-back in spending since the start of the COVID-19 pandemic and is outstripping the recovery in metro areas, according to new data released by the Commonwealth Bank today.
The hospitality and tourism sectors in regional areas across the nation experienced a 15 per cent increase in transactions by the end of January this year compared to twelve months ago – which was just before the dramatic drop-off in business caused by the arrival of the pandemic in Australia.
The retail sector in regional Australia has experienced an even bigger bounce, with transactions up 19 per cent year-on-year.
Source: Prime Minister of Australia
Jayne Hrdlicka, CEO Virgin Australia: Welcome, everyone. Itâs great to have everyone here today on a very cloudy Sydney morning. Itâs a day of great optimism with the announcements that have been made today by the Federal Government. Itâs a time for everybody to get excited about getting out and about and leaving home and travelling interstate. The packages that have been offered are enabling Virgin Australia and the industry to start to get back into the air, get more people travelling around the country and get our people back to work. The commitment to international flying in October is a really positive thing, I think, for all of Australia, and itâs definitely a positive thing for our employees. Weâve got lots of people that are still stood down and not working full time hours, and this package enables us to be able to get people back to work, get more people stood up and get people excited about the future in aviation