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

 

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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