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

 


Financial Crisis Impacts Visitor Arrivals

October 20, 2008

Financial Crisis Impacts Visitor Arrivals

The impact of the global financial crisis is beginning to be felt by the tourism industry, with visitor arrivals to New Zealand down 6.6%, just over 11,000 less people than in September 2007.

Increasing economic uncertainty saw a drop in the number of visitors arriving from almost all of New Zealand's major tourist markets, compared with 2007.

"It is clear that New Zealand tourism is facing difficult times as a result of the financial crisis and that things will be even more challenging in 2009," Tourism New Zealand chief executive George Hickton said.

"Because tourism is based largely on discretionary income we will definitely see an impact on the tourism industry. Tourism New Zealand is focused on maintaining our efforts in key markets where it is important we retain a high profile."

Despite visitor arrivals from the UK being down 5.3% (598 visitors), the launch of the 'What Do You Say UK?' campaign in September has boosted awareness of New Zealand.

A recent Marketing Magazine survey named the new television commercials in the top-10 ads most-remembered by British consumers.

China has taken longer than expected to recover from the Olympic Games and Sichuan Earthquake, but the forward outlook for summer is improving.

Mr Hickton said Australia will become an even more important market as the full-impact of the financial crisis begins to be felt. "With long-haul travel becoming more expensive, Australians will be looking to holiday closer to home, providing a lot of opportunities for New Zealand."

Highlights of International Visitor Arrivals September 2008:

* Australia 82,317 down 2.6% * UK 10,580 down 5.3% * USA 9,131 down 11.6% * Canada 2,139 up 12.0% * China 5,497 down 33.2% * Korea 4,577 down 30.7% * Japan 6,486 down 22.1%


ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Going Dutch: Fonterra Kicks Off $144M Partnership With Dutch Cheese Maker

Fonterra Co-operative Group, the world’s largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe. More>>

ALSO:

Scoop Business: NZ Retail Sales Beat Estimates

New Zealand retail sales rose more than expected in the fourth quarter, led by vehicle-related transactions, food and beverages, adding to evidence that cheap credit and a growing jobs market are encouraging consumers to spend. More>>

ALSO:

Delivery Cuts Go Ahead: 'Government Money Grab' From NZ Post

"It's a money grab by the Government as the shareholder of New Zealand Post" says Postal Workers Union advocate Graeme Clarke about the changes announced by NZ Post. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news