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

 


Convention centre will bring economic benefits

Convention centre will bring economic benefits

Development of a national convention centre will create substantial economic benefits, both for the tourism industry and the wider New Zealand economy, the Tourism Industry Association New Zealand (TIA) says.

TIA is welcoming the expected resumption of negotiations between the government and SKYCITY to develop a national convention centre, following today’s release of the report by the Office of the Auditor-General into the expressions of interest process.

“We look forward to participating in the process to develop a national convention centre,” TIA Chief Executive Martin Snedden says.

“The latest visitor expenditure figures released today, showing a 6% decrease in spending by international visitors since 2011, only reinforce the need for a national convention centre.”

Conference delegates are high-spending visitors, spending an average of $365 a night, compared to an international leisure visitor who spends around $200 a night.

It is estimated a national convention centre will boost New Zealand’s economy by more than $90 million a year. It is expected to create 1000 jobs during construction and another 800 positions when it is operational.

It will also support many more jobs across the economy, including in the accommodation, catering, transport and retail sectors.

“Development of a world-class convention centre will not only create a major new market for our tourism industry, it will contribute significantly to New Zealand’s economic recovery,” Mr Snedden says.

The lack of a world-class convention centre prevents New Zealand from hosting large international conferences.

“We have been losing conventions to other destinations, particularly Australia, because we don’t have an international-scale convention centre. Development of such a facility will enable the industry to target a whole new market that can’t be accommodated by existing conference facilities,” Mr Snedden says.

“While we acknowledge that there are genuine concerns about issues related to gambling, we are confident that the legislative process will provide an opportunity for a thorough examination of the issues.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Drones: First Certificate Issued Under New UAV Rules

Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say the first certified flight of an unmanned helicopter under new aviation rules is a great example of how they can enable commercial use. More>>

ALSO:

GE Swedes And Cow Deaths: Plant Analysis Backs Up Earlier Advice

The industry body is recommending that farmers do not feed Herbicide Tolerant (HT) swedes to cows in spring when the animals are in late pregnancy or early lactation. DairyNZ is also advising caution if farmers are considering other leafy varieties. More>>

ALSO:

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news