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

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

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:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news