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

 


Decrease in international visitors’ spend recorded


Media release

19 February 2013


Decrease in international visitors’ spend recorded

The Ministry of Business, Innovation and Employment’s quarterly International Visitor Survey, released today, shows a six per cent drop in spending by international visitors since 2011.

The Ministry’s Tourism Research and Evaluation Manager Peter Ellis says the year to December 2012 data shows that spending by international visitors is at its lowest since 2001.

“The drop in spending over the past year can be partly attributed to a 2 per cent drop in visitor numbers over the same period. The drop also reflects global economic conditions and the strong New Zealand dollar,” Mr Ellis says.

“2011 was a relatively good year for international tourism because of the Rugby World Cup, which overall outweighed the other challenges of that year. We’re now seeing a return to the decline in tourist spend that was occurring before the Cup.”

“The most significant aspects of the drop in spending are a decrease in UK visitors’ spend, and in the total amount that holiday visitors are spending.”

Mr Ellis says that the results from the quarterly survey are broadly consistent with the Ministry’s 2012 tourism forecasts. In 2012 the Ministry adopted a different forecasting methodology, commissioning NZIER to prepare forecasts using a best practice tourism forecasting model combining macro-economic and socio-demographic data.

“The International Visitor Survey results for the year ended December 2012 show that our forecasting was almost spot on for overall spend and for spend by Australian and Japanese visitors. Spend by visitors from the United Kingdom has decreased even faster than forecast.

“On the other hand, spend by Chinese visitors has increased by 42 per cent, exceeding our forecasts” Mr Ellis says.

China has been confirmed as New Zealand’s second largest tourist market.

Further details are available in the attached table, which indicates statistically significant changes in bold font. For example, the apparent increase in estimated Japanese spend per visit was within the survey’s margin of error for that subset of the data.

The International Visitor Survey is based on interviews of 5,200 tourists per year departing from New Zealand airports.

The survey results and information about the survey can be read online at http://www.med.govt.nz/sectors-industries/tourism/tourism-research-data/international-visitor-survey


[ends]

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news