TSA Shows Dependence Of NZ Economy On Tourism

Today’s release of the key findings of the 1997 Tourism Satellite Account (TSA), demonstrates the importance of tourism to the New Zealand economy, Tourism Industry Association Chief Executive John Moriarty said today.

“The figures are significant in that they show how much New Zealand is dependent on tourism to contribute to the economic lifeblood of the economy.

“The 1997 TSA identifies that one in every 10 jobs in New Zealand is generated by tourism (1995 TSA: 1 in 12) and this is probably the most important statistic. It shows how vitally important tourism is to the social fabric of our country.

“Also of significance is the contribution to GDP and the total expenditure by tourists. At 9.3% (1995 TSA: 8%) and $11.5 billion (1995 TSA: $9.1 billion) respectively, these figures show tourism to be a powerhouse of our economy.

“The 1997 TSA key findings show, yet again, that tourism must be wholeheartedly embraced by local and central government policy makers. Tourism’s importance is forecast to increase even further and it is imperative that Government at all levels ensures that the infrastructure is in place to support this industry – an industry that is so clearly advancing New Zealand’s continued economic and social development.

“New Zealanders everywhere will also realise from these figures just how important they are as individuals to the quality of the experience visitors receive. By being warm and welcoming to tourists, Kiwis are guaranteeing the future prosperity of an industry that adds so much to our economy,” Mr Moriarty said.

ENDS

More information:

Simon King: 04 494 1845/025 807 252

© Scoop Media