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

 

Health And Safety: Bill Now Sees Rules Relaxed For Small Businesses

Health and safety law reform sparked by the Pike River coalmine disaster has been reported back from the industrial relations select committee with weakened requirements on small businesses to appoint health and safety representatives and committees. More>>

ALSO:

Bearing Fruit: Annual Fruit Exports Hit $2 Billion For First Time

The value of fruit exported rose 20 percent (up $330 million) for the June 2015 year when compared with the year ended June 2014. Both higher prices and a greater quantity of exports (up 9.0 percent) contributed to the overall rise. More>>

ALSO:

Interest Rates: NZ Dollar Jumps After RBNZ Trims OCR

The New Zealand dollar jumped more than half a US cent after Reserve Bank governor Graeme Wheeler cut the official cash rate by a quarter-point and said the currency needs to be lower, while dropping a reference to criteria that justified intervention. More>>

ALSO:

Drones: New 'World-Class' Framework For UAVs

The rules, which come into effect on 1 August, recognise the changing environment and create a world-class framework that accommodates ongoing development while still ensuring the safety of the public, property and other airspace users. More>>

ALSO:

Scoop Business: NZ Net Migration Reaches New Annual Record In June

New Zealand annual net migration rose to a new record in June as arrivals continued to be bolstered by Chinese and Indian students, while fewer locals departed for Australia. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news