As the international gateway to two of the world’s great natural wonders – the Great Barrier Reef and the ancient Wet Tropics rainforest – Cairns is renowned worldwide as a premier tourism destination.
Our proximity to Asia’s fast-growing economies, coupled with strong investor confidence and above national average growth, is capturing the attention of international industry experts and investors.
Cairns now hosts 34% of all visitors to Queensland, and tourism is experiencing steady growth with increases across a variety of markets. China is now our largest market with 217,000 visitors per annum (up 31% on the previous year), followed by the USA (up by 18%) and Japan (up 17.6%). Indian visitation is growing rapidly, with a 25.6% rise over the past year.
Cairns has been hailed as “the leading hotel market in Australia” and a “thriving hotel market with strong prospects” by the US-based International Hotel Investment Forum.
This growth supports the case for new developments and Cairns is now a hot-spot for local and international investors. Hundreds of millions of dollars are being invested in city-defining projects, giving confidence to others to invest. The new $55 million Cairns Aquarium will open its doors this April and Aspial Corporation’s $550 million Nova City is also taking shape. The GA Group has committed $100 million to redevelop the Rydges Tradewinds and a further $200 million for two new CBD hotel/apartment projects.
Other planned projects include the $500 million C3 retail/residential project and Kur-World’s $640 million integrated resort at nearby Kuranda.
Cairns Regional Council is committed to working with the Australian and Queensland governments and private sector investors to unlock the enormous potential of Cairns and Tropical North Queensland. We are proud to sponsor the 2017 Developing Northern Australia Conference and look forward to seeing you in Cairns this June.
Apply to Speak at the Developing Northern Australia Conference this June. Abstract Submission Closes Monday 6 March 2017.
For further information on the 2017 Developing Northern Australia Conference please visit the conference website.