Despite the fanfare for direct flights into Cairns the ABS data for January last week confirms that arrivals into Australia from China have been trending weaker in recent months! This chart is trend seasonally adjusted arrivals over the last ten years and shows the strong growth since the GFC volatility has arrived at a speedbump it would seem. The lunar new year fell in February this time so next months data on that may be interesting.
The surprise over the last year may be the USA with growth at 8.4% now not far behind China! Perhaps those Paul Hogan ads have finally started working?