Australia’s Tourism & Transport Forum (TTF) urges the federal government to consider targeted industry support of $ 7.74 billion.

The core of the rescue package, which TTF has called the Tourism Employee and Asset Maintenance (TEAM) program, is a proposal for targeted support of between $ 1,000 and $ 1,500 per two weeks for each eligible company employee aged 30 to 50 Percent percent less or less revenue decline 2019.

The proposal for a TEAM bailout package was valued at USD 7.74 billion for the period April 1, 2021 through December 31, 2021 and was reviewed quarterly.

If this program is rolled out, the Australian tourism industry could grow back to 75 percent of its 2019 workforce and save 318,000 jobs, according to the TTF.

The economic modeling carried out by Stafford Strategy for the TTF projects envisages that the local tourism industry, which has already lost 506,000 full-time jobs in 2020 due to COVID-19, may face extinction with no support according to JobKeeper, with an estimated loss of more 300,000 jobs across the country.

“Most of these job losses will be in our three most populous states, 118,000 in NSW, 85,300 in Victoria and 59,700 in Queensland,” said Margy Osmond, managing director of TTF.

“These kinds of additional job losses will be of great concern to the tourism industry, which is just another US $ 6.8 billion after bleeding tens of billion US dollars in 2020 during the midsummer vacation with a series of border closings to Sydney’s northern beaches -Dollar has lost outbreak.

“Without this targeted, industry-specific support, there could be no tourism industry at the end of this year.

“Tourism is uniquely affected by government border decisions, and as other sectors and confidence outside of tourism re-emerge, our tourism, transportation, aerospace and creative industries are still being crippled by government decisions.”

Selected image source: iStock / SaintM-Photos

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