News: Finance
Coronavirus hit arts industry needs $750 million rescue package
With Coronavirus restrictions having seen almost 200,000 creative arts workers forced out of their jobs as venues close, the Australia Institute is calling for a $750 million...
Apr 15, 2020
Hospitality /
Finance /
Government /
Venues /
Entertainment /
Arts
Tourism recovery vital for economies of Asia Pacific nations
The Asia Pacific was the fastest-growing region for tourism in 2019, up 5.5% on the previous year, according to the World Travel & Tourism Council’s (WTTC) annual Economic...
Apr 15, 2020
Tourism /
Finance
Nature key to New Zealand’s post Coronavirus recovery
Environmental groups including Forest and Bird are urging the New Zealand Government to transform the nation’s post Coronavirus economy to tackle climate change, save native...
Apr 14, 2020
Finance /
Wellness /
Environment
Malaysian zoos need government funding to cover operating costs
A total of RM8 million (US$1.85 million) is required by 14 zoos and 20 permanent wildlife exhibition centres (ZPT) across Malaysia to cover operating costs during COVID-19....
Apr 13, 2020
Tourism /
Finance /
Attractions
Taiwan Government unveils tourism relief package
The Taiwan Government has unveiled relief measures to assist the tourism industry, a sector that has been severely impacted by the economic effects of the COVID-19 pandemic. The...
Apr 12, 2020
Tourism /
Hospitality /
Finance /
Attractions
Australia’s ski resorts prepare for winter 2020 season amid Coronavirus uncertainty
Australia’s major ski resorts are continuing to plan for the 2020 snow season despite uncertainty as to when Coronavirus restrictions will be lifted. With major ski resorts...
Apr 11, 2020
Finance /
Recreation /
Attractions
AFL faces up to post lockdown changes
Having last week secured a line of credit with two major banks to allow it to keep operating during the Coronavirus pandemic, the AFL is facing up to significant changes when...
Apr 10, 2020
Sport /
Finance
Australian Government commits $27 million relief package for the arts
With the sector massively impacted by the Coronavirus pandemic, the Australian Government has announced a $27 million funding package to support regional arts, First Nations...
Apr 9, 2020
Finance /
Government /
Entertainment /
Arts
Broadcaster accuses NRL of 'mismanagement' as league announces plans to recommence on 28th May
A remarkable day in the management of the NRL has seen the code announce plans to restart its season on 28th May, having been accused by broadcaster the Nine Network of...
Apr 9, 2020
Sport /
Finance
Eventbrite to lay off 45% of global workforce in cost-cutting plan
Event management and ticketing platform Eventbrite has announced that it will lay off 45% of its global workforce as part of plans to save at least US$100 million in annualised...
Apr 9, 2020
Finance /
Wellness /
Technology /
Entertainment /
Ticketing
Latest International Visitor Survey shows record tourism performance in 2019
Total tourism spending by international and domestic day and overnight visitors reached a record $152.4 billion last year according the latest International Visitor Survey from...
Apr 9, 2020
Tourism /
Finance
ATIC welcomes JobKeeper payment scheme
The Australian Tourism Industry Council (ATIC) has thanked the Australian Parliament for passing the $130 billion JobKeeper payment scheme. ATIC notes that while the Tourism...
Apr 8, 2020
Tourism /
Finance
Fears tourism businesses may not be eligible for JobKeeper payments
Having been inundated by concerns from small and regional tourism businesses, Tourism Council WA has shared fears that tourism businesses may may not be eligible for JobKeeper...
Apr 7, 2020
Tourism /
Finance /
Attractions /
Government
South Australian nature-based tourism business receive fee and rent relief
The South Australian Government are providing fee and rent relief for nearly 300 South Australian nature-based tourism businesses significantly impacted during COVID -19....
Apr 6, 2020
Tourism /
Finance /
Recreation /
Environment
Football For Fires fundraising match rescheduled for October
The Football For Fires (#FootballForFires) bushfire relief football match has become the latest event to be impacted by Coronavirus restrictions, with the fixture to now be held...
Apr 5, 2020
Sport /
Finance /
Venues /
Environment
Accor launches global fund to help employees through Coronavirus crisis
International hotel group Accor has responded to the deepening Coronavirus crisis by announcing a series of cost cutting measures across its global operations designed to limit...
Apr 5, 2020
Tourism /
Hospitality /
Finance
Pakistan Cricket Board wants to host International Cricket Council event to cover losses
The Pakistan Cricket Board (PCB) wants the International Cricket Council (ICC) to award it the hosting rights of a major event as a recompense for financial losses incurred as a...
Apr 5, 2020
Sport /
Finance /
Venues
NRL players to lose five months' pay as part of new shutdown deal
NRL players will forego five months' of pay if the competition does not resume in 2020, as the game grapples with how to deal with the Coronavirus pandemic. NRL Chief Executive...
Apr 4, 2020
Sport /
Finance
LPA believes funding still not enough to prevent decimation of live performance industry
While Live Performance Australia (LPA) has welcomed the Australia Council’s announcement of four-year funding for the performing arts sector, it claims it won’t be enough to...
Apr 3, 2020
Events /
Culture /
Finance /
Venues /
Entertainment /
Arts
Tourism Industry Council South Australia welcomes government financial support
South Australia’s peak tourism body, the Tourism Industry Council South Australia (TiCSA), has welcomed today’s announcement by the South Australian Government of a $5.7 million...
Apr 3, 2020
Tourism /
Finance
Royal Life Saving welcomes JobKeeper payments as a ‘$700 million lifeline’ for aquatic facilities and swim schools
Royal Life Saving Society - Australia has released an estimation that the Australian Government’s JobKeeper payment “represents a $700 million lifeline for many businesses and...
Apr 3, 2020
Finance /
Recreation /
Wellness /
Government /
Aquatics
Latest Australia Council funding announcements sees key organisations overlooked
The Australia Council's latest funding announcement has seen companies and events including Melbourne’s La Mama Theatre and the Sydney Writers' Festival lose out on financial...
Apr 2, 2020
Culture /
Finance /
Government /
Venues /
Entertainment /
Arts
Bali faces uncertain future without tourists
While having initially proven resilient to the global decline in tourism caused by the Coronavirus pandemic, the Indonesian island of Bali is now facing months without visitors....
Apr 2, 2020
Tourism /
Hospitality /
Finance /
Wellness
Golf course greenkeepers fear shutdown will result in multi-billion dollar damage to turf infrastructure
Australia's peak turf management body has warned of multi-billion dollar damage to the nation's sporting assets should staff be prevented from undertaking grounds maintenance...
Apr 2, 2020
Sport /
Finance /
Surfaces /
Golf