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

 


Visitor spend reaches $6.7 billion

Visitor spend reaches $6.7 billion


Spend by international visitors in New Zealand has increased by 5 per cent for the year ending December 2013 to reach $6.7 billion, according to the latest International Visitor Survey released today by the Ministry of Business, Innovation and Employment (MBIE).

The Ministry’s Sector Performance Manager Peter Ellis says this increase reverses the decline reported in December 2012.

“Visitor spend is now at a similar level to that reported in 2011, the year New Zealand hosted the Rugby World Cup,” he says.

The biggest expenditure growth came from the USA at 22 per cent from the previous year, followed by Germany at 20 per cent. Visitors from Asia (excluding China, Japan and the Republic of Korea) also contributed to the growth (up 29 per cent) spending a total of $650 million.

Australia continues to be New Zealand’s largest tourism market, with Australian residents spending $2.2 billion during their visits to New Zealand over the last year.

In terms of purpose of visit, the largest spend increase was by visitors here for a holiday or vacation. Their expenditure grew by 8 per cent over the last year to reach $3.8 billion.

The International Visitor Survey is based on results from approximately 8,900 visitors departing New Zealand airports, with data released quarterly. The next quarterly release is scheduled for 20 May 2014.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Planes: Jetstar Launches Regional Network

Jetstar, the Qantas Airways budget offshoot, launched its new regional network in New Zealand with special $9 one-way fares and has narrowed down its choices to five routes and four destinations - Nelson, Napier, New Plymouth, and Palmerston North. More>>

ALSO:

Fisheries: Report On Underrsize Snapper Catch

The report found that commercial fishers caught 144 tonnes of undersized snapper in the Snapper 1 area – about 3% of the total commercial catch – in the year ending February 2015. The area stretches from the top of the North Island to the Bay of Plenty and is one of New Zealand’s most important fisheries. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news