waoz1 wrote:IndianicWorld wrote:waoz1 wrote:
The WA economy has bottomed out and is on the up.
Mining sector is up, Chevron just announced phase 2 worth around $5 billion. Which is just the start....
This cut is for 3 months and then back to normal.
Its got more to do with WA not doing much tourism promotion over the last few years. The new government is trying to reverse that. Which is what the article is eluding too.
As has been discussed previously in this thread, WA will always be disadvantaged in some markets, particularly those who like to combine itineraries with multiple cities. It’s location makes that difficult to achieve.
Tourism wise, WA has some good attractions but PER itself has a long way to go to be a tourism destination of any note.
Like it or not, Sydney gets the lions share of the tourism fovus, which makes most journeys include that city and usually a couple more. That’s why the East Coast tends to be a stronger tourism market, which will likely still be the case with any significant WA investment in marketing.
As for mining, it is not predicted to reach the heights it was at again for some time to come, which was the time that WA really saw its fortunes prosper. There will be some upswing, but don’t expect anything too spectacular based on most industry analysis.
Unless your involved in WA business i wouldnt be making sweeping statements shows how little know about the WA economy. Ofcourse sydney will get more of the market. Good luck to them, we know Perth will not compete and is at a disadvantage due to location.
And as it says this is a 3 month drop, people are losing their minds over nothing.
Given I have been over there a few times in the last 3 months, in a role that works with multiple businesses nationwide every day (across many industry sectors in a consulting role), those weren’t sweeping statements.
The reality is that it is commonly understood business analysis data that builds that view, especially around the need for a more diversified economic base.
Sorry if what you read doesn’t sit well, but to suggest people don’t know what’s going on there just because they aren’t based there is misguided, and may be a seeeping statement in itself
Back on the topic, the reality that people have pointed out is the relative weakness of the WA market into China. It just hasn’t seen significant momentum in the years of CZ’s operation, but no one is losing their minds over anything.