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Queensland makes an offer to tourism investors

Brisbane 22 May 2013. More than 100 international and domestic investors and financiers tonight converged on Brisbane to hear how the Newman Government is making it easier to do business in Queensland.

Premier Campbell Newman said the inaugural Queensland Tourism Investment Forum, spelled out the unique investment opportunities and environment the state offered investors.

“We have prioritised tourism and we know it takes a whole-of-government approach to achieve further private sector investment in new and revitalised tourism products,” Mr Newman said.

“Investors see Queensland as a safe investment destination with long-term growth prospects.

“This Government is committed to harnessing Queensland’s tourism potential, and tonight’s forum is another way to promote the State’s benefits and capabilities to a national and international audience.”

Tourism Minister Jann Stuckey said the inaugural event was a DestinationQ outcome to profile the tourism industry to the finance and investment community.

“Tonight is an important part of our overall plan to help boost the tourism industry, and double annual overnight visitor expenditure to $30 billion by 2020,” Ms Stuckey said.

“Queensland’s resilient and diverse economy, investment-friendly business environment, and fantastic array of landscapes and tourism experiences provide opportunities that investors and financiers should seriously consider.

“Our investment options include short-term accommodation, leisure attractions, tourism experiences, Great Barrier Reef islands and resorts and government infrastructure projects in sought-after destinations such as Cairns, Airlie Beach, Townsville, Bundaberg, Hervey Bay, and the Gold Coast.”

Investor and White Horse Group Chairman William Han, who guided a discussion panel at the forum, was supportive of the State Government’s proactive engagement.

“The thing that attracted me to invest in Queensland is her breathtaking natural beauty, her beaches, the Great Barrier Reef and of course Lindeman Island,” Mr Han said.

Spicers Group CEO Danielle Duell believed the future outlook for tourism investment in Queensland was promising.

"We are taking a very confident long-term view on investing in Queensland.  Furthermore, the whole-of-government support for tourism is enabling us to activate projects in regional areas that may not have been possible previously," Ms Duell said.

Ms Stuckey launched the Tourism Investment Gateway to provide information for investors and proponents considering tourism infrastructure projects.

The online gateway includes a spatial mapping tool that identifies the opportunities available.

“In March we launched A Guide to Hotel Investment in Brisbane, Australia which highlights specific opportunities in Brisbane to help address a shortfall in accommodation,” Ms Stuckey said.

“Brisbane is experiencing strong occupancy rates of more than 80 per cent, and requires an additional 300-400 rooms per year to meet demand.

“This week’s decision by Shayher Group to develop a site in the Brisbane CBD shows our approach is working, and we look forward to more progress with industry to provide more tourism infrastructure across the State.”

Ms Stuckey last year established the Tourism Investment Attraction Unit to act as a one-stop-shop for tourism investment across Queensland.

The Tourism Investment Gateway can be found at: www.business.qld.gov.au/industry/investing-tourism-industry

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