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

 


Benefit to NZ too important for centre to be further delayed

Benefits to New Zealand too important for centre to be further delayed

Auckland Airport today welcomed the release of the Auditor General’s report into the process for developing a national convention centre, saying that the release of the report marks another milestone towards the eventual completion of a much-needed national convention centre.

Chief Executive of Auckland Airport, Adrian Littlewood, said, “We hope that this report signals the start of genuine progress. The opportunity to gain a large-scale international-quality convention centre from private investment, with the significant benefits it brings to the country, does not come along very often. Despite the tourism industry calling for such a centre for well over a decade now, and despite the various positive business cases for such a centre put forward by the public and private sector, until now a financially viable option had not been identified.”

“Because Auckland and New Zealand do not have a conference centre of sufficient scale to attract the big international conferences, we lose many opportunities each year to the cities like Melbourne and Brisbane that do. That means New Zealand misses thousands of additional visitors and millions of dollars in economic benefit each time. This has been the case for far too long now,” said Mr Littlewood. “As New Zealand becomes increasingly connected to the rapidly growing economies of Asia, the need for an international scale convention centre will only increase.”

An international conference centre is a significant gap in the current tourism and trade infrastructure and proposition in New Zealand, and the development of such a facility will offer considerable economic benefits by attracting more, higher-value, visitors. In addition, it would enable some of the aspirational visitor economy goals contained in the new Auckland Plan and in the goals of Auckland Tourism Events and Economic Development.

Mr Littlewood said, “Convention visitors are amongst the highest spending visitors per night, spending 4-5 times as much per night as the average daily visitor spend. In addition, conventions help improve shoulder and off-peak tourism, and encourage business and trade links between New Zealand and international delegates.

“As a tourism destination New Zealand is competing in an exceptionally tough global market. As a relatively small economy, New Zealand does not have the ability to fund all the investment in infrastructure needed to accommodate our national growth and living standard aspirations. Increasingly, this means that essential infrastructure investments such as this will require some level of private and public sector engagement. The tourism industry has been waiting a very long time for a national convention centre,” said Mr Littlewood, “let’s not lose sight of the bigger picture.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Finance: Major Campaign To End "Gross Overtaxation Of Savings"

The campaign – which includes a special web site through which New Zealanders can e-mail their own and other MPs and party leaders – is backed by Age Concern, Consumer NZ, the Financial Services Council and the Taxpayers’ Union. More>>

ALSO:

Scoop Business: Leighton-Led WGP To Build, Manage Transmission Gully

The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More>>

ALSO:

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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