Monday, marks a historic day for Australia to fully open its international borders to fully vaccinated tourists after nearly two years of closure due to the Covid-19 pandemic.
More than 50 international flights are scheduled to arrive in the country throughout the day, including 27 of which will land in Sydney, its largest city popular with attractive locations for tourism.
This is seen to help boost the growth of Australia's economy which is now gradually recovering due to its dependence also lies on tourism activities.
Tourism is one of Australia’s largest industries valued at more than A $ 60 billion and employs about 5% of the country’s workforce.
Even so, the country is still not completely free of coronavirus outbreaks due to the Omicron variant invading the country. However, Omicron is seen to have passed its peak with hospital admissions declining over the past three weeks.
The confidence that the Australian economy will grow faster following this opening, was an additional factor to the gains the Aussie dollar displayed in today’s trading session.
