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

 


International visitor spend decreases six per cent

For immediate release
19 February, 2013

International visitor spend decreases six per cent

Tourism New Zealand says the drop in international visitor spend is a result of the change in visitor mix and the impact of increased spend in 2011 by visitors attending the Rugby World Cup.

Kevin Bowler, Chief Executive says: “The increase in travellers visiting family and relatives (VFR), decrease in the average length of stay and a strong New Zealand dollar are all contributing to a decline in total spend.

"Australia and China provide our two biggest sources of visitors. However, these markets also have a high proportion of VFR and tend to stay for shorter lengths of time than the long-haul markets.

“Despite this, the spend from China increased by 42 per cent for the period.

“We continue to focus our efforts on increasing spend, particularly in the China market, with initiatives like the Premiere Kiwi Partnership programme that markets longer-stay, higher-value itineraries to free and independent travellers.

“Positively, the Japan market continues to show some signs of recovery, with total spend up 31 per cent to $273 million.

“The current economic situation in Europe, and New Zealand’s high exchange rate, has understandably impacted on long-haul arrivals and level of spend, with expenditure from the UK down 21.0 per cent and USA down 7.0 per cent.

“These markets remain valuable and a focus in our marketing activity, and we anticipate that the growing awareness of New Zealand as the result of the release of the first Hobbit movie and our focused marketing efforts will increase preference to travel to New Zealand across all markets – especially the long-haul markets of the USA.”

Total spend by international arrivals has decreased six per cent for the year ending December 2012, with total spend of $5.42 billion.

The results were released today by the Ministry of Business Innovation and Employment in its quarterly International Visitor Survey.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news