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==Economy== {{See also|Economy of Tasmania}} [[File:Wrest Point Casino.jpg|thumb|Designed by [[Roy Grounds]], the 17-storey [[Wrest Point Hotel Casino]] in [[Sandy Bay, Tasmania|Sandy Bay]], opened as Australia's first legal casino in 1973.<ref>{{Cite web |date=2012-06-18 |title=Australia's first legal casino opens at Hobart's Wrest Point - 80 Days That Changed Our Lives - ABC Archives |url=https://www.abc.net.au/archives/80days/stories/2012/01/19/3411571.htm |access-date=2024-06-22 |website=www.abc.net.au |language=en}}</ref>|241x241px]] In 2021, Greater Hobart's main occupations were professionals and service workers, trades, administration and management and other labour professions working in industries such as healthcare, the public service, and supermarkets and small businesses. Incomes are higher than the rest of Tasmania, but lower than the Australian median.<ref>{{cite web |title=Greater Hobart 2021 Census All persons QuickStats |url=https://www.abs.gov.au/census/find-census-data/quickstats/2021/6GHOB |website=ABS |access-date=25 June 2024}}</ref> These employment areas are reflected by the gross value added provided by industries, which is greatest among the "healthcare and social assistance (17%), public administration and safety (11%), and financial and insurance services (10%)." Healthcare is also the fastest-growing, while services and construction have the highest business count. The vast majority of this economic production is concentrated in the [[City of Hobart]] area, except manufacturing which is higher in [[Glenorchy City]].<ref>{{cite web |title=Background Paper 1: Greater Hobart Area Profile |url=https://www.greaterhobart.tas.gov.au/__data/assets/pdf_file/0014/283010/Background_Paper_-_1._Greater_Hobart_Area_Profile_as_at_Mar_2021.pdf |website=Greater Hobart Committee |access-date=25 June 2024}}</ref> Major shopping areas include the [[Elizabeth Street Mall]] (the only fully-pedestrianised block in the city), which is connected with the Cat and Fiddle Arcade, Centrepoint and [[Liverpool Street, Hobart|Liverpool Street]] in the CBD, Mayfair Shopping Plaza on [[Sandy Bay Road]], [[New Town, Tasmania|New Town]] Plaza, [[Moonah, Tasmania|Moonah]] Central (near a foodmarket), [[Northgate Shopping Centre]] and Centro in Glenorchy, [[Claremont, Tasmania|Claremont]] Plaza, [[Eastlands Shopping Centre]] (Tasmania's biggest) in Rosny Park, [[Lindisfarne, Tasmania|Lindisfarne]] village, Shoreline Plaza in Howrah, [[Rokeby, Tasmania|Glebe Hill]] Village Shopping Centre, [[Cambridge, Tasmania|Cambridge]] Homemaker Centre by the airport, [[Green Point, Tasmania|Green Point]] Plaza and Covehill Fair Shopping Centre in Bridgewater, [[New Norfolk]], and [[Channel Court Shopping Centre]] and Kingston Town Shopping Centre in Kingston. Shipping is significant to the city's economy. The city is a popular cruise ship destination during the summer months, with 47 such ships docking during the course of the 2016β17 summer season, and $34.5 million in direct expenditure in 2017 (an average spend of $172 per passenger). Tourism is a significant part of the economy, with visitors coming to the city to explore its historic inner suburbs and nationally acclaimed restaurants and cafes, as well as its vibrant music and nightlife culture. The two major draw-cards are the weekly market in [[Salamanca Place]], and the [[Museum of Old and New Art]]. The city is also used as a base from which to explore the rest of Tasmania. The city also supports many other industries. Major local employers include [[catamaran]] builder [[Incat]], [[zinc]] refinery [[Nyrstar Hobart]], [[Cascade Brewery]] and [[Cadbury's Chocolate Factory, Tasmania|Cadbury's Chocolate Factory]], [[Norske Skog Boyer]] and [[Wrest Point Casino]].<ref>{{cite web |title=Why do Business in Hobart? |url=http://www.hobartcity.com.au/Business/Economic_Profile/Business |website=Hobart City Council |access-date=16 January 2015 |archive-url=https://web.archive.org/web/20150116164247/http://www.hobartcity.com.au/Business/Economic_Profile/Business |archive-date=16 January 2015 |url-status=dead}}</ref> The city also supports a host of light industry manufacturers, as well as a range of redevelopment projects, including the $689 million Royal Hobart Hospital Redevelopment β standing as the states largest ever Health Infrastructure project.<ref>{{cite web |url=https://www.deconcorp.com.au/royal-hobart-hospital |title=Royal Hobart Hospital |website=Decon Corporation |access-date=5 October 2023 |archive-date=3 May 2023 |archive-url=https://web.archive.org/web/20230503061749/https://www.deconcorp.com.au/royal-hobart-hospital |url-status=live }}</ref> The last 15β20 years{{When|date=October 2022}} have seen Hobart's wine industry thrive as many vineyards have developed in countryside areas outside of the city in the Coal River Wine Region and [[D'Entrecasteaux Channel]], including [[Moorilla Estate]] at [[Berriedale, Tasmania|Berriedale]] one of the most awarded vineyards in Australia. ===Antarctic gateway=== [[File:Aurora Australis (icebreaker) berthed in Hobart under a rainbow.jpg|thumb|left|400px|The icebreakers ''[[Aurora Australis (icebreaker)|Aurora Australis]]'' and ''[[Ywam Liberty|L'Astrolabe]]'' berthed in Hobart]] Hobart is an [[Antarctic Gateway Cities|Antarctic gateway city]], with geographical proximity to East Antarctica and the Southern Ocean. Infrastructure is provided by the port of Hobart for scientific research and cruise ships, and [[Hobart Airport]] supports an Antarctic Airlink to Wilkins Runway at [[Casey Station]]. Hobart is a logistics point for the Australian vessel [[RSV Nuyina|''Nuyina'']] and French icebreaker [[L'Astrolabe (2016 icebreaker)|''L'Astrolabe'']]. Hobart is the home port for the Australian and French Antarctic programs, and provides port services for other visiting Antarctic nations and Antarctic cruise ships. Antarctic and Southern Ocean expeditions are supported by a specialist cluster offering cold climate products, services and scientific expertise. The majority of these businesses and organisations are members of the [[Tasmanian polar network]], supported in part by the Tasmanian State Government. Tasmania has a high concentration of Antarctic and Southern Ocean scientists. Hobart is home to the following Antarctic and Southern Ocean scientific institutions: [[File:Institute for Marine and Antarctic Studies Hobart.jpg|thumb|The [[Institute for Marine and Antarctic Studies]] at [[Princes Wharf, Hobart|Salamanca Wharf]]]] * [[Australian Antarctic Division]] * [[Convention for the Conservation of Antarctic Marine Living Resources|Commission for the Conservation of Antarctic Marine Living Resources]] (CCAMLR) * [[Agreement on the Conservation of Albatrosses and Petrels]] (ACAP) * The [[University of Tasmania]] (UTAS) β expertise in Antarctic and Southern Ocean science and research<ref>{{cite report |url=http://www.arc.gov.au/era/era_2010/outcomes_2010.htm |title=Excellence in Research Australia ERA 2010 national report |publisher=Australian Research Council |url-status=dead |archive-url=https://web.archive.org/web/20130111023231/http://www.arc.gov.au/era/era_2010/outcomes_2010.htm |archive-date=11 January 2013}}</ref> * [[Institute for Marine and Antarctic Studies]] (IMAS) (established by UTAS) *Integrated Marine Observing System (IMOS) *Antarctic Climate and Ecosystems Cooperative Research Centre (ACE-CRC) *International Antarctic Institute (IAI) (hosted by UTAS) *Southern Ocean Observing System (hosted by UTAS/ IMAS) * [[CSIRO Marine and Atmospheric Research]] ===Tourism=== [[File:Hobart Tasmania Salamanca Place.jpg|thumb|[[Salamanca Market]] with the snow-capped [[Mount Wellington, Tasmania|kunanyi / Mount Wellington]] in the background]] Hobart serves as a focal point and mecca for tourism in the state of Tasmania. Hobart has been a significant tourist destination for many years, however tourism has evolved to a core industry in the last decade.{{when|date=April 2023}} This process has been termed the "MONA Effect" - referring to the significant influence of the Museum of New and Old Art (MONA), the Southern Hemisphere's largest private museum, on the local tourist economy - compared to the effect of the Guggenheim on [[Bilbao]].<ref>{{cite news |last1=Salmon |first1=Gregor |title=Capital gains: How MONA got Hobart humming |url=https://www.abc.net.au/news/2016-01-13/mona-got-hobart-humming/7081376?nw=0&r=HtmlFragment |work=ABC News |publisher=Australian Broadcasting Corporation |date=13 January 2016 |language=en-AU |access-date=26 June 2022 |archive-date=26 June 2022 |archive-url=https://web.archive.org/web/20220626105622/https://www.abc.net.au/news/2016-01-13/mona-got-hobart-humming/7081376?nw=0&r=HtmlFragment |url-status=live }}</ref> Since opening in 2011, MONA had received 2.5 million visitors by 2022 and has helped establish a number of art and food venues and events, including [[MONA FOMA]], and the winter festivals of Mid-Winter Fest and [[Dark Mofo]]. 27% of visitors to Tasmania visit the museum.<ref name="MONAEffect2021">{{cite news |title=MONA, Hobart's 'subversive adult Disneyland', turns 10 |url=https://www.abc.net.au/news/2021-01-21/mona-museum-of-old-and-new-art-hobart-tenth-birthday/13071002 |access-date=26 June 2022 |work=ABC News |publisher=Australian Broadcasting Corporation |date=20 January 2021 |language=en-AU |archive-date=26 June 2022 |archive-url=https://web.archive.org/web/20220626105604/https://www.abc.net.au/news/2021-01-21/mona-museum-of-old-and-new-art-hobart-tenth-birthday/13071002 |url-status=live }}</ref> In 2016, Hobart received 1.8 million visitors, surpassing both Perth and Canberra, tying equally with Brisbane.<ref>{{cite news |title=Perth loses tourists to Brisbane, Hobart and Canberra |url=https://thewest.com.au/news/tourism/perth-loses-tourists-to-brisbane-hobart-and-canberra-ng-b88385527z |work=The West Australian |date=15 February 2017 |access-date=18 April 2017 |archive-date=19 April 2017 |archive-url=https://web.archive.org/web/20170419100655/https://thewest.com.au/news/tourism/perth-loses-tourists-to-brisbane-hobart-and-canberra-ng-b88385527z |url-status=live }}</ref> Visitor numbers reached a low of 744,200 in 2021, primarily as a result of the [[Covid-19 Pandemic]], with expectations that numbers would return to normal by 2023.<ref>{{cite news |title=Less is more as fewer tourists stay longer and spend bigger in Tassie |url=https://www.abc.net.au/news/2022-06-14/tasmanian-tourism-snapshot-march-21-to-march-22/101148464 |access-date=26 June 2022 |work=ABC News |publisher=Australian Broadcasting Corporation |date=13 June 2022 |language=en-AU |archive-date=25 June 2022 |archive-url=https://web.archive.org/web/20220625175205/https://www.abc.net.au/news/2022-06-14/tasmanian-tourism-snapshot-march-21-to-march-22/101148464 |url-status=live }}</ref> Many local tourist attractions focuses on the convict history of Hobart, the city's historic architecture, art experiences, and food and alcohol experiences. Hobart is home to a significant number of nationally known restaurants, boutique alcohol producers, including Sullivans Cove Whiskey, which won world's best single malt in 2014,<ref>{{cite news |author=Lilit Marcus |title=Why Hobart is Australia's new capital of cool |url=https://edition.cnn.com/travel/article/hobart-australia-things-to-do/index.html |access-date=26 June 2022 |work=CNN |language=en |archive-date=26 June 2022 |archive-url=https://web.archive.org/web/20220626105603/https://edition.cnn.com/travel/article/hobart-australia-things-to-do/index.html |url-status=live }}</ref> boutique hotels, and art experiences. Other significant tourist attractions include Australia's second oldest botanic gardens, the [[Royal Tasmanian Botanical Gardens]], which holds extensive significant plant collections,<ref>{{cite web |url=http://www.bgci.org/garden.php?id=107 |title=Royal Tasmanian Botanical Gardens |website=Botanic Gardens Conservation International |access-date=11 December 2011 |archive-date=1 December 2018 |archive-url=https://web.archive.org/web/20181201135335/http://www.bgci.org/garden.php?id=107 |url-status=live }}</ref> a range of public and private museums including the [[Tasmanian Museum and Art Gallery]] and [[Maritime Museum of Tasmania|Maritime Museum Tasmania]], and [[Mount Wellington (Tasmania)|kunanyi / Mount Wellington]], one of the dominant features of Hobart's skyline. At {{Convert|1,271|m|ft}}, the mountain has its own ecosystems, is rich in biodiversity and plays a large part in determining the local weather.{{Citation needed |date=July 2009}} Hobart is used as a staging ground to visit many of the region's surrounding attractions, including the historic sights of [[Richmond, Tasmania|Richmond]] (where a model of Old Hobart Town is located) and [[Oatlands, Tasmania|Oatlands]], [[Seven Mile Beach, Tasmania|Seven Mile Beach]] and [[Turrakana / Tasman Peninsula]], the [[Huon Valley]], and the waterfalls of [[Mount Field National Park]] via the [[Derwent Valley, Tasmania|Derwent Valley]].
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