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

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news