The Victorian alpine resorts generate significant economic activity for the State through the attraction of Victorian, interstate and international visitors. The Victorian Alpine Resorts Economic Contribution Study by Ernst & Young (EY) provides estimates of the economic contribution of the Victorian alpine resorts, taking into account visitation trends and changes in economic conditions.
Since the original estimates provided by EY for the 2016 winter season and 2016/17 summer season, EY has continued to provide estimates on the economic contribution of the winter and summers seasons to Victoria’s economy.
As shown in the table below the Gross State Product contribution of the 2020 winter season to the Victorian economy is estimated at $109 million. This level of expenditure would result in a contribution to total Victorian employment in annual equivalent terms of 960, including direct and indirect jobs. Overall, snow season visitation declined due to COVID-19 as expected. With the decline in visitation, there has been a corresponding decline in direct expenditure and value add by visitors. The results for 2020 are about one tenth of the economic indicator values estimated in the previous year.
Economic Significance of the 2020 Winter Season
As shown in the table below the Gross State Product contribution of the 2020/21 summer season to the Victorian economy is estimated at $160 million. This level of expenditure would result in a contribution to total Victorian employment in annual equivalent terms of 1,409 jobs; both direct and indirect.
Economic significance of the 2016/17 to 2020/21 summer seasons to the Victorian economy.
This is a summary report of the winter and summer economic contribution studies for 2016/17. Specific seasonal details can be found in the two separate reports below.
This report was commissioned by the Alpine Resorts Co-ordinating Council and completed by Ernst and Young on 21 June 2017.
This report was commissioned by the Alpine Resorts Co-ordinating Council and completed by Ernst and Young on 21 April 2017.
The study demonstrates the economic benefit created by the Victorian alpine resorts in the summer season. The headline gross regional product for Victoria is estimated to be $93.7 million, with 956 jobs generated.
This report provides reliable knowledge about the economic significance of the alpine resort industry in summary form.
The report demonstrates the important contribution that the alpine resorts make to the Australian economy as well as to the state and regional economies in which the alpine resorts are located. For Australia the combined benefit of total gross state product for the three Australian states with alpine resorts in 2011 was $1.561 billion with 14,000 additional full-time equivalent jobs.