Can Chinese tourists help save Australian retailers?
Retailers in central Sydney and Melbourne hope the return of Chinese students and tourists, who used to spend $12 billion in Australia each year before the pandemic, will help offset a looming broader downturn in consumer spending.
While foot traffic in Melbourne is slightly below pre-pandemic levels, people are spending slightly more than they did before COVID-19, Melbourne city data shows. Consumers splashed $32 million on average each weekday in December, up from $30 million, when adjusted for inflation, during the same period in 2019.
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