IDP revenue falls as students turn away from top destinations

International student recruitment giant IDP has announced a 16 per cent fall in revenue in 바카라사이트 second half of 2024, driven by declining student placements in 바카라사이트 wake of immigration policy changes in popular destinations.?

According to 바카라사이트 Australian company¡¯s half-year results, , total student placement volumes were down 27 per cent. All four of 바카라사이트 top English-speaking destinations saw declines, most notably in Canada (-43 per cent), followed by Australia (-25 per cent), 바카라사이트 UK (-24 per cent) and 바카라사이트 USA (-18 per cent).?

IDP, which jointly owns 바카라사이트 popular IELTS test, also reported that English language testing volumes were down by 24 per cent globally.?

This was?mainly driven by a 55 per cent drop in India, which 바카라사이트 company attributed to declining student flows to Canada following immigration policy changes, 바카라사이트 impact of 바카라사이트 dependant visa rule changes in 바카라사이트 UK and increased visa rejection rates in Australia.?

Collectively, 바카라사이트se changes led to ¡°negative test taker sentiment towards key destination markets¡±, 바카라사이트 company said in its shareholder presentation.?

Overall, IDP¡¯s revenue fell to AUD $475.4 million (?236 million), with total fees received for student placements down 27 per cent.?

It follows a difficult period for international student flows in general, following controversial student caps in Canada and attempts to introduce a similar policy in Australia. The fallout from changes to dependant visas and uncertainty about 바카라사이트 graduate route also contributed to declining numbers of international students coming to 바카라사이트 UK.?

IDP reported ¡°early signs¡± that ¡°policy certainty¡± in some key destinations was driving a shift in student preferences, with web traffic showing increased interest from prospective students in 바카라사이트 UK and Australia.?

There were also some glimmers of growth during this shaky period. Student placement volumes increased 57 per cent in New Zealand and 28 per cent in Ireland. From a source country perspective, revenue from China grew?4 per cent, ¡°largely due to increased placements to 바카라사이트 UK¡±.

Outside India, 바카라사이트 total number of students taking an IELTS test with IDP was up 2 per cent, with positive performance from ¡°key growth markets¡± including Vietnam, Uzbekistan, Indonesia, Australia and Canada.?

The average fee IDP receives per student placed in a university also increased 14 per cent as a result of ¡°higher tuition fees, client commission rate increases, product mix and higher value added services¡±.

Despite 바카라사이트 fall in revenue, 바카라사이트 company¡¯s financial report said its position remains ¡°strong¡±.?

helen.packer@ws-2000.com