Commonwealth Bank of Australia
February 12, 2026
Overseas Arrivals and Departures
Macro ThematicMacro Economic IndicatorsConsumer Discretionary
Australian international arrivals grew 7.7% in 2025, but tourism remains below pre-pandemic levels, particularly for high-spending Chinese visitors. Meanwhile, the education sector shows signs of cooling as government visa caps lead to declining student enrolments and lodgements.
Key Takeaways
- 1.Total international arrivals and departures in Australia grew by 7.7% and 8.4% year-on-year respectively in December 2025.
- 2.Government caps on student visas are starting to impact the sector, with declines in enrolments, lodgements, and grants throughout 2025.
- 3.The slow recovery of high-spending Chinese tourists (averaging $10,987 per trip) remains a headwind for the Australian tourism industry compared to lower-spending cohorts like New Zealanders.
Table of Contents
- Overseas Arrivals and Departures - December
- No Reliance
- Liability Disclaimer
- Forward-Looking Statements, Valuations, Projections and Forecasts
- Financial Markets Product Risk
- Data of the Group
- Group may act as a Market Maker
- Analyst Certification and Disclaimer
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- Conflicts of Interest
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Authors
Lucinda Jerogin
Securities
CommBank Household Spending Insights
Themes
Compositional Shift in Consumer SpendingImpact of Government Policy on MigrationPost-Pandemic Tourism Normalization
Regions
Asia PacificEuropeNorth AmericaAustraliaChinaNew Zealand
