With two World Heritage Sites and a selection of beautiful beaches and wildlife, Cairns plays hosts to hundreds of thousands of visitors each year, bringing in a total of $1.1 bn to the local economy. The tourism and hospitality industry accounts for around 17.5% of all employment in the area.
The construction industry in Cairns is another major contributor to the local economy, employing 20% of the Cairns workforce. Several high profile developments are likely to increase the demand and size of this sector.
With over 1,000 retail outlets in the city and a $1.1 bn tourism industry, retail is an important pillar in Cairns’ economy. Retail currently employs 12.5% of workers in Cairns and is set to increase alongside the continued growth in tourism.
© 2016 Cairns Quality Homes