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

 


Chinese visitor rise offsets fall in October vs RWC crowds

Chinese visitor rise offsets fall in tourist numbers from 2011 RWC spike

By Paul McBeth

Nov. 22 (BusinessDesk) - A steady increase in the number of Chinese visitors offset a fall in overall tourist arrivals last month, compared with the spike in arrivals last year for the Rugby World Cup.

The number of short-term arrivals fell 15 percent to 184,200 in October from the same month in 2011, and was down 0.6 percent on an annual basis, according to Statistics New Zealand. The monthly slump was due to the country being flush with visitors for the showcase rugby event in October 2011, with the biggest declines coming from Australian, British and South African visitors.

Asian short-term arrivals were the only region to gain in the month, led by a 44 percent jump in Chinese visitors to 15,344. Chinese short-term arrivals were up 39 percent to 53,884 on an annual basis.

New Zealand's tourism has struggled to recover from the global financial crisis in 2008 as rising long-haul travel costs and a resiliently high local currency tarnished the appeal of the South Pacific as a destination.

The rise in Chinese tourist arrivals chimes with a report this week from the Ministry of Business, Innovation and Employment and the Tourism Industry Association of New Zealand predicting a structural shift in the composition of tourism arrivals.

“Traditional markets like the United Kingdom and United States will continue to decline in the absence of any active market intervention, but this will be off-set by strong growth from China and Australia," the report said.

“New Zealand will face continuing challenges as a destination for traditional markets, due to the global financial crisis and emergence of low-cost European airlines. The forecasts provide encouragement for New Zealand’s tourism industry to do more to attract and cater for visitors from our Asia-Pacific neighbours.”

Today's figures showed an increase in net long term migration of 300, seasonally adjusted, with a net loss of 2,300 on an annual basis.

The diaspora to Australia continued in October, with 3,315 kiwis crossing the Ditch for a net outflow of departures versus arrivals from Australia of 2,576. That took the annual number of departures to 48,657, with a net loss to Australia of 39,363.

(BusinessDesk

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news