Of Lake Macquarie's total output of $18.503 billion it is estimated that $453.193 million is generated from tourism.
Definition: Tourism - an amalgam of activities across various industry sectors such as retail, accommodation, cafes & restaurants, cultural & recreational services. The tourism industry sector services the activities of persons travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes not related to the exercise of an activity remunerated from within the place visited. Source: Australian Bureau of Statistics National Accounts Tourism Satellite Account.
Output - represents the gross revenue generated by businesses/organisations in each of the industry sectors in a defined region. Gross revenue is also referred to as total sales or total income.
Source: 2015-16, Australian Bureau of Statistics (ABS), Tourism Satellite Account.