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

 


Convention centre will benefit Wellington business

Convention centre will benefit Wellington business


Hotels and many other Wellington businesses will benefit from the convention centre proposed for the capital, the Tourism Industry Association New Zealand (TIA) says.

“Business events have been identified in the tourism industry’s Tourism 2025 growth framework as a high value segment and growing opportunity for New Zealand’s tourism industry. It is also a segment that brings business and visitors to New Zealand in our shoulder and off peak periods,” TIA says in its submission to Wellington City Council on the convention centre proposal.

Travellers who come to New Zealand for business events are high value, spending an average of $318 per night against an average international visitor’s spending of $208 per night. They spend their money with a range of local businesses, including retailers, hospitality providers, taxi drivers, hairdressers and petrol stations, benefiting many sectors beyond tourism, Chief Executive Chris Roberts says.

Wellington hotel convention and incentive business has remained static over the last six years, Mr Roberts says. A convention centre of the size proposed for Wellington will appeal to the extensive Australia/New Zealand market for conferences of 600-800 delegates. There are a large number of association conferences where the compact nature of Wellington and the ease of getting about the city and its attractions will appeal.

“Without investment in the convention centre, Wellington runs a significant risk of falling off the convention and events radar,” he says.

However, TIA has concerns that the proposed funding for the convention centre would see businesses operating within the downtown levy catchment area contributing twice, through both the downtown levy and general rates. It says the convention centre should be funded from general rates, or limit the downtown levy contribution to the first three years.

• TIA represents the interests of 22 hotels in the Wellington region. This equates to 3000 rooms or over one million room nights per year. In 2013, Wellington hotels operated at around 74% occupancy or approximately 0.8 million room nights sold. Over 70,000 of these room nights were sold to convention and incentive delegates, representing $10 million in accommodation revenue. In addition, Wellington hotels earned another $15 million in on-site residential conference revenue such as room hire and provision of food and beverages.

To read the full submission, go to www.tianz.org.nz/main/local-government


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news