NSW residents will get $50 to spend on accommodation anywhere in the state as part of a new $530 million economic recovery package unveiled by the NSW government.
Adults in NSW will be able to use the new Stay and Rediscover vouchers to get $50 off any accommodation, such as hotels, caravan parks and camping grounds.
The new vouchers will cost the state government $250 million and come on top of the $100 Dine and Discover vouchers, which have been extended until 30 June 2022.
They also replace the discontinued $100 vouchers for accommodation in Sydney’s CBD.
NSW Premier Dominic Perrottet said the $530 million package aims to boost local tourism and help visitors “experience the very best of what we have to offer”.
“It’s also great news for people right across our state, reviving events and businesses and bringing our major draw cards back to life,” he added.
“Our aim is to reclaim our position as one of the world’s favourite destinations.”
The recovery plan also includes $150 million in funding for major events across the state, and another $60 million set aside for a program aimed at attracting more international flights to Sydney airport.
$50 million will go towards a program aimed at revitalising Sydney’s CBD, and a further $25 million will provide stability for small and large festivals struggling to find their feet after the devastating economic impact of lockdowns.
$10 million will be spent on a marketing campaign encouraging NSW residents to plan trips and getaways in the state.
NSW Tourism Minister Stuart Ayres said the package would help the tourism industry rebuild with confidence.
“For our visitor economy to reach its full potential, we need event owners to dream big, airlines to fly in and for locals and visitors to embrace our world class venues and hospitality with enthusiasm once again,” Ayres said.
Yahoo Finance has reached out to the NSW government for further comment on when and how the $50 tourism vouchers can be redeemed.
NSW reopens with a bang
Australia's most populous state lifted more restrictions on Monday this week after hitting the 80 per cent double-vaccination milestone.
The City of Sydney has been preparing for the city’s revitalisation for months, and recently approved nearly 300 al fresco dining applications to help hospitality businesses bounce back.
Sydneysiders can expect to see new outdoor dining options pop up in CBD locations such as Pitt and Barrack Streets, Darlinghurst’s Stanley Street, and Surry Hills’ Crown and Foster Streets.
Yesterday, the City of Sydney also announced it had approved more than $3 million in grant funding for projects that would see more cultural performances, pop-up theatre production, art shows, installations, live music and more.
“As we emerge from lockdown and begin our recovery from the pandemic, these projects will foster and celebrate Sydney’s culture and creativity, support the local economy, and encourage sustainability and business growth,” Lord Mayor Clover Moore said.
“We want to help our communities survive and recover from the impacts of the pandemic, but also ensure that we’re creating a better, more resilient city in the process.”