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

 

Insurance: EQC To Double Payout, Scrap Contents Insurance

New Zealand’s Earthquake Commission may double its payout amount, scrap contents insurance and process claims through private insurers under the government’s long-running review of funding and management of the state-run earthquake insurer. More>>

ALSO:

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news