Pitt Street Mall Reports on Increased Tourism and Its Impact on Retailers
According to Commonwealth Bank of Australia chief economist Michael Blythe, retailers benefit from the increased tourism trade currently being seen in Australia. This is especially true when it comes to Chinese tourists, as they have a tendency to spend more money shopping while on vacation in Australia than other groups. In addition, Australian citizens are traveling less, and this means they are doing more shopping at home. As a result, the retailers at Pitt Street Mall continue to see business...
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