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

 

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