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

 


CORRECT: NZ visitor arrivals climb in Feb on Lunar New Year

CORRECT: NZ visitor arrivals climb in February as Chinese celebrate Year of the Snake

(Fixes incorrect figures for nationals' arrivals in 2nd graph)

By Paul McBeth

March 22 (BusinessDesk) - New Zealand visitor arrivals climbed 9 percent last month as Chinese visitors more than doubled from a year ago amid celebrations of the Lunar New Year.

Short-term visitor arrivals rose to a seasonally adjusted 223,410 in February from 204,950 a year earlier, according to Statistics New Zealand. The number of Chinese visitors rose 106 percent to 31,536, and arrivals from Hong Kong jumped 144 percent to 3,760. US visitors rose 8.9 percent to 26,896, carrying on the trend last month as more Americans visited New Zealand on cruise ships.

"This largely reflects the timing of the Chinese New Year, which fell in February this year compared to January last year (and wouldn't be accounted for in the seasonally adjusted numbers)," Westpac Banking economist Felix Delbruk said in a note. "Looking through the volatility visitor arrival numbers appear to be improving - they have risen 6.9 percent over the past four months."

Tourists from China have been the saving grace of an industry struggling with a strong exchange rate and high costs of long-haul flights in recent years. Total spend by international arrivals fell six per cent to $5.42 billion in the 2012 calendar year, coming down from a spike in 2011 from the Rugby World Cup.

Chinese visitor numbers were unseasonally low in January due to the later timing of the Lunar New Year, which ushered in the Year of the Snake.

Today's figures showed a seasonally adjusted net inbound migration of 550 in February, compared to an outflow of 610 in the same month a year earlier. On an annual basis, New Zealand has gained a net 420 new migrants.

The exodus to Australia continued to slow in February, with a seasonally adjusted net loss of 2,540, the smallest since January 2011. Some 37,361 more people have moved to Australia in the year ended Feb. 28.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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