Visitors to Tasmania spent $2.46 billion last year; a five-per-cent rise on the year before.
There was also growth in the numbers of visitors who came to the state (1.32 million) but nights spent in Tasmania remained stagnant.
Most visitors came from interstate (1.11 million) and 640,600 of all visitors traveled to Tasmania for a holiday.
Most interstate visitors came from Victoria.
There was a dip in visitation to the East Coast, with 377,300 people coming to the region, but growth in other areas.
The South received 1.04 million visitors, the North 715,900 visitors, and the Cradle Coast 529,000 visitors.
Visitors spent 8.2 nights in the state on average.
Tourism Minister Will Hodgman highlighted the 21-per-cent growth in the business travel sector which he described as profitable for the state's visitation market.
"The figures also show 69 per cent of all visitor nights were spent outside of the capital," he said.
Mr Hodgman said the tourism industry supported more than 38,000 jobs.