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

 

Real Estate: Housing Prices Head South In Most Of NZ

Housing became more affordable for first home buyers in many parts of the country including Auckland last month, as falling prices more than offset rising mortgage interest rates. More>>

ALSO:

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:

NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news