Assistant Minister for Trade, Tourism and Investment Keith Pitt today visited the popular Sydney Fish Markets and toured the Carnival Cruise Line's Carnival Legend.

“Sydney is often described as the ‘gateway to the rest of Australia’ for our international visitors and it’s great to see that the economy is benefitting from the popularity of two of its iconic waterfront attractions – the Sydney Fish Markets and the Sydney Overseas Passenger Terminal,” Mr Pitt said.

Cruise holidays are increasing in Australia and the Cruise Lines International Association estimates they directly contributed $4.6 billion to the Australian economy in 2015-16. 

It is estimated that the cruise industry brought close to 150,000 inbound international visitors to Australia spending around $158 million.

Sydney Fish Markets is unique in scale, incorporating both retail and wholesale trading and a working fishing fleet. It provides direct tourist contributions of about $53 million to the NSW economy.

“Tourism is a $100 billion industry that employs around 1 in 12 Australians, accounts for 9.6 per cent of Australia’s exports and is a key driver of Australia’s economy.

“It is one of five key ‘super-growth sectors’ driving new jobs and prosperity over the next decade,” Mr Pitt said.

“But we cannot take our success for granted. Government and industry are implementing Tourism 2020, a national strategy to grow the tourism sector.

“Since making tourism a national investment priority, we’ve achieved record levels of international investment in our tourism infrastructure.

The Australian Government is now seeking to move from investment attraction to a greater focus on project facilitation to ensure the pipeline comes to fruition.

“Tourism has the potential to be Australia’s fastest growing industry. Global international arrivals are forecast to grow at an average of between 3.5 per cent and 4.5 per cent in 2016, and in the longer term (towards 2030) at 3.8 per cent a year,” Mr Pitt said.

“The NSW Government recently invested in cruise infrastructure enhancements in Sydney, spending $57 million on a new terminal at White Bay, and $78 million on an upgrade to the overseas passenger terminal. It also plans to undertake a $250 million redevelopment of the Fish Markets.”

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