The construction industry in Australia is experiencing a boom as the value of total engineering construction work has risen by 2% in the last quarter of 2022 to $25,158.8 million. The trend estimate also grew by 2.8%, indicating a high demand for construction projects in the country. According to data from Flight Centre Travel Group’s flagship large market division, FCM, construction companies’ trips increased by 29% in the first quarter of 2023 compared to the same period in 2019.
Melissa Elf, Flight Centre Corporate Managing Director ANZ, said that large infrastructure projects are thriving across Australia, and travel is still a critical aspect of the construction industry. The Federal Government is making significant investments in land transport infrastructure across Australia through its Infrastructure Investment Program, which offers significant opportunities for the construction industry.
The construction of major infrastructure projects and major sporting events, such as the Victorian Commonwealth Games in 2026 and Brisbane in 2032, is driving the need for the industry to travel across the country. The travel demand is not discretionary but necessary for attending meetings, events, or conferences – or taking apprentices on-site visits. None of these things would be possible without stepping foot on an aircraft.
The industry faces a labour shortage, and construction is not immune to those challenges. It is now more important than ever to do all you can to retain your staff and hire new employees. Travel plays a crucial role in this as it is used to take apprentices on-site visits and attend meetings, events, or conferences. It is a necessity for many in the construction industry.
The government is investing billions of dollars in the construction industry, driving travel demand. The pipeline of work, such as the $5 billion committed to the Bruce Highway in Queensland, is worth billions of dollars combined and offers significant opportunities for the construction industry.
In conclusion, the construction industry is experiencing a boom, and travel is still a critical foundation for the industry. The travel demand is not discretionary but necessary for attending meetings, events, or conferences – or taking apprentices on-site visits. None of these things would be possible without stepping foot on an aircraft. The government’s significant investments in land transport infrastructure across Australia drive the travel demand, and the construction industry benefits from it. The labour shortage is a challenge the industry faces, and travel plays a crucial role in retaining staff and hiring new employees.
Written by: Jill Walsh