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

 


NZ guest nights at three-year high

NZ guest nights at three-year high

By Suze Metherell

July 10 (BusinessDesk) - New Zealand guest nights climbed to a three-year high in May as short term stays climbed across all commercial accommodation types.

Seasonally adjusted guest nights, which strips out seasonal and irregular movements, rose to 2.98 million in May, from 2.92 million the previous month and 2.77 million in May last year, according to Statistics New Zealand. Unadjusted guest nights gained 8.4 percent to 2.22 million in May from the same month a year earlier.

Statistics NZ said the underlying tend has seen guest nights rise for the last 24 months, with all trend series for guest nights rising and most at new highs. The gain in May reflects the 5.4 percent rise in short-term visitor arrivals to a record 161,400, boosted by visitors from the US and Japan arrived. The rise in guest nights reflects the 5.4 percent increase in short-term visitor arrivals to 161,400, a record for a May month, helped by more visitors from the US and Japan.

Guest nights at backpackers rose 3.7 percent in May from the previous month, to a seasonally adjusted 413,000 guest nights. Hotels/resorts recorded 1.7 percent gain, to 1.05 million while motels/motor inns/apartments rose 1.9 percent to 955,000 and holiday parks rose 1.4 percent to 572,000.

Domestic visitor guest nights rose 3.9 percent from the previous month to a seasonally adjusted 1.8 million, while international visitor guest nights slipped 0.3 percent in May to 1.2 million.

Unadjusted guest nights rose across all regions in the year except for Wellington which recorded a 5.2 percent drop in May compared to the same month a year earlier. Waikato reported the biggest gain, up 14.2 percent, with Auckland rising 6.3 percent and Canterbury up 1.3 percent from a year earlier.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news