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

 


International visitor spend up for June 2014 year

14 August 2014

International visitor spend up for June 2014 year

Total visitor spend in New Zealand continues to grow, to $7.1 billion, up by 11 per cent for the year ending June 2014, according to the latest quarterly International Visitor Survey released by the Ministry of Business, Innovation and Employment (MBIE).

The Ministry’s Sector Performance Manager Peter Ellis says the growth is driven by holiday / vacation visitors who increased their spending by $800 million from the previous year.

“This latest data shows the continued recovery of the tourism sector, and confirms what we have been seeing in other data sources and what we hear from the industry.”

The survey results showed there was a significant increase in total spending by visitors from the USA, up an estimated 53 per cent from the previous year, and Germany, up 63 per cent. Spending by visitors from China rose 26 per cent, further contributing to the growth.

In contrast to holiday / vacation visitors, spending by business travellers went down by 22 per cent.

A table with a summary of statistics is available on the Ministry’s website, with statistically significant changes highlighted in red/blue font. Additional data tables are available on NZ.Stat.

The International Visitor Survey is based on results from approximately 8,900 visitors departing New Zealand airports, with data released quarterly.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Wood Producers: Crisis In New Zealand Log Supply

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More>>

Consents And Taxes: Trustpower 'Very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news