Australia s. The Northern Territory is experiencing solid growth in visitor numbers driven by a strong economy. Northern Territory

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1 Australia s Northern Territory Australia s Northern Territory is a strategic market for tourism investment, with its well established reputation as an iconic tourism destination located on the doorstep to Asia, the fastest growing outbound travel market in the world. The Northern Territory is experiencing solid growth in visitor numbers driven by a strong economy.

2 An Invitation to Invest Chief Minister of the Northern Territory, The Hon. Michael Gunner MLA The Northern Territory Government is actively seeking private capital investment for our tourism industry. With our unique natural landscapes and rich cultural diversity, the tourism experiences in the Northern Territory are in high demand. Excellent opportunities exist to develop new and enhanced immersive naturebased experiences, innovative visitor attractions and services that leverage our existing tourism assets. The tourism sector is a priority for the Northern Territory Government and we are committed to improving the competitiveness and quality of the Territory s tourism experiences through the investment in game-changing and drawcard infrastructure. Strategically positioned close to Asia, the Northern Territory s tourism industry is a compelling opportunity for investors looking to expand their portfolio and capture the growth from new and emerging markets. We are well on track to achieve our goal to double the visitor economy to A$2.2 billion by The investment by the NT Government in the tourism industry is strong, improving our national parks as well as arts and cultural activities. Infrastructure expenditure that connects the Territory is being boosted through a significant transport infrastructure program. We are also investing A$28 million on tourism marketing, focused on both domestic and international activity. Investment opportunities exist across the Northern Territory, particularly for accommodation, to meet current tourism demand and growing corporate interest on the back of numerous new resource, energy, construction, agriculture and defence projects. We would like to discuss your interest so please contact my team who can assist you to take advantage of the opportunities on offer. HON MICHAEL GUNNER MLA CHIEF MINISTER

3 Why invest in the Northern Territory? Australia s Northern Territory is a very attractive tourism investment option for many reasons including its well established reputation as a global tourism destination and its geographic location on the doorstep to Asia. The Northern Territory has a stable population and is experiencing solid growth in visitation driven by a strong, diverse economy. Strong Domestic Visitor Market The Northern Territory s domestic visitor market has shown consistent strong growth. In 2015/16, overnight expenditure in the Northern Territory reached $2.22 billion, a 19 percent year-on-year increase, which was greater than the national average of +8.6 percent. Total visitors grew by 28 percent to million, with year-on-year growth that outperformed all other states and the national average due to double digit growth from the domestic market. A record number of 577,000 domestic holiday makers travelled to the Territory, an increase of 27 percent on the previous year. Our key target markets of interstate and international holiday visitors had a combined increase of 6.4 percent. Commitment to Tourism The NT Government is committed to the promotion of the Northern Territory as a tourism destination through innovative tourism marketing campaigns via its dedicated agency Tourism NT. The NT Government also directs additional funds to public sector infrastructure such as roads, national park infrastructure and urban precinct development to further support the tourism sector as a key economic driver. In addition to the NT Government, local tourism marketing organisations in Darwin and Alice Springs actively promote their respective destinations throughout Australia. Purpose-built conference centres in Alice Springs, Darwin and at Uluru (Ayers Rock) position the NT as a premier business events destination. NT Major Events, an NT Government agency is dedicated to successfully delivering an annual calendar of major events across the Territory. To contribute to a vibrant hospitality labour pool, a wide range of hospitality training courses are available in both Darwin and Alice Springs through Charles Darwin University. Strategically positioned close to Asia, the Northern Territory s tourism industry is a compelling opportunity for investors looking to expand their portfolio and capture the growth from new and emerging markets. The NT Government s goal is to double the visitor economy to A$2.2 billion by 2020 and we are well ontrack to achieve this ambitious target. Competitively Situated to Asia Travel Markets The Northern Territory holds an enviable location as Australia s Gateway to Asia. Darwin, served by an international airport which operates 24 hours a day, seven days a week, is closer to Asia than any other capital city in Australia. Darwin is in close proximity to significant tourism and business markets and within four hours flying time from Darwin: Northbound are 8 capital cities, 69 international airports and 485 million people. Southbound are 6 mainland capital cities, 23 international airports and just under 24 million people. With more than half the world s middle class predicted to come from Asia by 2020 and its record travel growth, the Northern Territory is more competitively situated to benefit from this large travel market than any other Australian destination. Commitment to developing Northern Australia Northern Australia s economic development is a priority for the Australian Government seeing it as vital to the nation s economic future, long-term security and regional engagement. The Northern Territory is at the centre of this commitment. In order to promote private sector participation in the major infrastructure required to develop the north of Australia, the Australian Government has a $5 billion Northern Australia Infrastructure Facility. This initiative demonstrates a significant commitment to build Australia s north and importantly, to major infrastructure developments that will benefit the tourism sector. The Northern Territory has been enjoying a period of strong economic growth, outperforming the nation across most economic indicators. The tourism sector has seen significant investment in recent years and the Territory s superior economic performance has assisted to diversify the travel market, particularly in Darwin, which receives robust corporate travel and business events visitation, alongside the traditional leisure market. The economic outlook is strong. Deloitte Access Economics estimates that the Northern Territory economy will grow by an average of 3.2 percent per annum over the five years to , higher than the national average (2.9%). Future outlook for the NT to Northern Territory Australia GDP/GSP Growth % Private Consumption % Population Growth % Deloitte Access Economics Outlook March 2015

4 Beijing Iconic Tourism Destinations Seoul Shanghai Osaka Tokyo Guangzhou Hong Kong Taipei The Northern Territory has a strong, vibrant and multi-faceted economy and a well established reputation as a unique tourism destination centred on its extraordinary natural landscapes and rich aboriginal culture. To UK & Europe Bangkok Kuala Lumpur Singapore Ho Chi Minh City Manila The capital city of Darwin is Australia s second fastest growing capital city. Darwin is home to a state of the art convention centre, casino, 5239 accommodation rooms, numerous attractions and an award winning international airport. Just a two hour drive from Darwin is the World Heritage Kakadu National Park, listed for both its unique natural environment and its living aboriginal culture. Jakarta At the physical heart of Australia and framed by the picturesque MacDonnell Ranges is Alice Springs, a modern outback town with a convention centre, casino and 1368 hotel rooms; just three hours flying time from Australia s East Coast cities. West of Alice Springs, and directly accessible by air through the resort town of Yulara, is undoubtedly Australia s most famous icon Uluru (Ayers Rock), popular with domestic and international visitors alike. Denpasar Broome Perth Kununurra Dili DARWIN ULURU ALICE SPRINGS Adelaide Gove Melbourne Cairns Townsville Brisbane Gold Coast Sydney Gunlom, Kakadu National Park Longitude 131, Uluru - Kata Tjuta National Park Anzac Hill, Alice Springs Darwin Waterfront

5 Industry Highlights ECONOMY LARGEST EMPLOYING INDUSTRY 13% OR 17,300 PEOPLE WORTH OF VISITOR ECONOMY $2.2b TOTAL GROSS VALUE ADDED Higher Workforce Participation Rate than National Rate 76.2% versus 65.6% Surge in the seasonal labour force (May-September) FIVE YEAR OUTLOOK 3.2% PER ANNUM ANNUAL GROWTH RATE HIGHER THAN NATIONAL RATE OF 2.9% DEMAND $2.31 BILLION TOTAL VISITOR SPEND IN THE NT - 8.4% DECREASE ON PREVIOUS YEAR LENGTH OF STAY.3 7NIGHTS TRIP SPEND $1,254 SUPPLY - ACCOMMODATION DARWIN ALICE SPRINGS March Quarter % 63% June Quarter % 75% September Quarter % 83% December Quarter % 66% SEASONAL MOVEMENT OF OCCUPANCY RATES DARWIN 5,345 ROOMS $144 $108 ROOM RATE REVENUE PER AVAILABLE ROOM ALICE SPRINGS 1,157 ROOMS $118 $85 ROOM RATE REVENUE PER AVAILABLE ROOM 9,181 ESTIMATED ROOMS IN THE NT 2017/18 SUPPLY - AVIATION INBOUND AIRLINE SEATS DARWIN 1.44m * ALICE SPRINGS 475,831 ULURU (AYERS ROCK) 255,983 * DIRECT FLIGHT CARRIERS TO THE NT Sources: Economy: Tourism Research Australia State Tourism Satellite Accounts ; Deloitte Access Economics December Quarter 2017 Outlook - Department of Treasury and Finance; Australian Bureau of Statistics Labour Force Australia January Catalogue Number Demand: Tourism Research Australia National Visitor Survey and International Visitor Survey results; Year Ending September 2017 Supply - Accommodation: STR Accommodation reports for Darwin and Alice Springs 2017 Quarters and Year Ending December 2017 and Estimated rooms for the NT derived by Tourism NT in November Supply Aviation: Bureau of Infrastructure, Transport and Regional Economics Aviation Statistics; Year Ending November * Darwin domestic, regional and international capacity. International seat capacity is an estimate derived by Tourism NT based on (a) the number of seats available exclusively to Darwin and (b) half the seats operated through Darwin.

6 Open for Investment The Northern Territory provides unlimited opportunity for investors to develop, expand or acquire tourism assets: Vast areas of land available for green field developments in prime locations particularly in Darwin s CBD and Top End coastal areas. Opportunities to invest in existing short-term accommodation, luxury lodges, camping facilities and resorts. Exceptional natural landscapes and a rich cultural heritage from which to build experiential, nature-based accommodation, immersive tourism attractions and experiences, adventure tourism, wildlife tourism and wellness retreats. Opportunities for public-private partnership in transport infrastructure projects including airports, cruise terminals and roads. Our Investment Services Part of the NT Government, Tourism NT is dedicated to supporting businesses and investors by providing the following services free of charge: Tourism research and market insights. Introductions to relevant agencies across the Northern Territory Government to aid the approval processes. Introductions to local government agencies and relevant Federal government agencies. Access to business networks that suit your requirements. Advice on grants and support programs. Coordination of site inspections. Feedback on development proposals. High-level advice on the strategic direction of tourism in the NT. Tourism NT Department of Tourism and Culture GPO Box 1155 Darwin NT 0801 Australia CONTACT Daryl Hudson Director, Tourism Investment Attraction T M E daryl.hudson@nt.gov.au Valerie Smith General Manager, Destination Development T M E valerie.smith@nt.gov.au