Unsurprisingly, measures to ease cost of living pressures took centre stage in this election budget. Optimistically, the focus on financial relief for Queenslanders may be reflected in positive domestic tourism outlooks. The combined impact of financial relief and a significant budget surplus should also improve consumer confidence.
Although tourism did not feature prominently in this budget, QTIC welcomes the government's guaranteed funding of Tourism and Events Queensland (TEQ), which has been set at $125 million per annum over the next four financial years. The investment commitment provides much-needed certainty and security TEQ at a time when destination promotion is critical.
Housing and workforce challenges are currently the most significant hurdles to tourism success and remain an advocacy priority for QTIC. With affordable housing a key factor in attracting and retaining a workforce within both regional and South East Queensland destinations, the government's strong commitment to housing investment in the 2023-24 budget is appropriate. Likewise, a committed investment in workforce attraction and training within the budget is welcomed by our industry.
While the budget reflects the tight economic environment we currently operate in, it is disappointing to see that greater funding for small business support was not provided. As business conditions and confidence lower, investment in small businesses must be given greater importance.
QTIC will continue to work with other industries and all levels of government to advocate for and secure a strong operating environment for Queensland tourism businesses.
Brett Fraser
QTIC CEO
