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

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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