Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


New Zealanders Spend $3.0 Billion Overseas

Survey of Returned Travellers: Year ended June 2004

6 April 2005 New Zealanders Spend $3.0 Billion While on Overseas Trips

New Zealanders away on overseas trips of less than one year spent $3.0 billion in the year ended 30 June 2004, according to results of the Survey of Returned Travellers (SORT) released by Statistics New Zealand. Results of the two-year sample survey, which concluded in the June 2004 quarter, show that the total expenditure for both years varied on a quarterly basis.

The September 2003 quarter recorded the highest level of expenditure for the year ended June 2004, at $872 million, and the March 2004 quarter recorded the lowest level of expenditure for that year, at $623 million, reflecting seasonal travel patterns. These peak and low periods were consistent with the results for the year ended June 2003, the first year of the survey.

Approximately 82 percent of expenditure was attributed to personal (non-business) travel, while 18 percent was for business-related travel. A similar breakdown of expenditure by purpose of travel was recorded in the results for the June 2003 year. Business travellers spent, on average, $220 per day, twice as much as personal travellers ($112).

This was, however, offset by personal travellers being away twice as long, on average, as business travellers. This resulted in a net effect of similar average expenditure for both personal and business travellers. The average expenditure per trip for all travellers was $2,277 in the June 2004 year, down from $2,444 the previous year. This reflected a fall in the average length of stay of travellers. Average expenditure per day remained largely unchanged.

Forty-one percent of all expenditure by New Zealand travellers occurred in Australia, for the year ended June 2004. The next-highest levels of spending were recorded in the United Kingdom (UK) and the United States of America (USA), both at 10 percent. Travellers to Australia spent $1,277 million in the year, and accounted for 63 percent of all trips taken. Travellers to the UK and the USA spent $313 million and $306 million, respectively, and together accounted for approximately 16 percent of all trips taken.

The results of SORT, in addition to other data sources, are being used to develop a data model to estimate expenditure by New Zealanders on short-term overseas travel (travel debits) in the quarterly Balance of Payments statistics.

Ian Ewing

Acting Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news