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

 


Proposed Wellington Convention Centre Beneficial

19 August 2014

Proposed Wellington Convention Centre Beneficial

Property Council Wellington strongly supports the proposed Convention Centre for Wellington.

The initiative creates jobs and fosters economic growth and development in the city, further reinforcing its dynamic cultural and arts scene, world class restaurant culture and active outdoors lifestyle.

Convention centres being built in Auckland, Christchurch and Queenstown, will impact attracting visitors and business to the region.

Wellington Branch President Andrew Hay says it is important that Wellington City Council actively markets what differentiates the city, to remain competitive.

“With the international conference market showing strong growth trends, Wellington City Council should pitch the city even harder at an international market, to ensure the centre’s profitability.”

Central Government has already recognised this by investing $34 million over four years in Tourism New Zealand, in a bid to attract increased business for this sector.

Currently, Wellington has 16 per cent of the market share of multi-day delegate days, compared to Auckland’s 30 per cent. Wellington hosts 79 (26 per cent of market share) conferences per annum of 201 plus delegates, compared with Auckland’s 208 (39 per cent of market share).

While the Capital has lost 3 per cent of its share since March 2013, it remains second to Auckland.

As such, Property Council Wellington supports innovate and cost effective solutions in developing the convention centre; to ensure the city attracts its share of delegates and stimulating the local economy.

But it is vital that Wellington City Council ensures transparency and efficiency in its cost management processes for the benefit of the entire community.

About Property Council New Zealand
Property Council is New Zealand’s commercial property voice. Property Council represents New Zealand's office, industrial, retail, property funds and multi-unit residential property owners, investors and managers. Property Council’s branches throughout the country represent some of the

largest commercial property portfolios in Auckland, Waikato, Bay of Plenty, Wellington, East Coast/Hawkes Bay and the South Island and Otago region, the value of which exceeds billions.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news