Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Tourist Spending Slows

Media Statement
Tourist Spending Slows
Wednesday 19 November 2008 – For immediate release

Spending by international visitors remained at $6.0 billion in the year to September 2008 according to data released by the Ministry of Tourism today.

“We aren’t seeing the growth we are used to. While overall spending by international visitors is stable for the year, it is clear that the global financial crisis is starting to have an effect,” said Bruce Bassett, Ministry of Tourism Research Manager.

Mr Bassett said that as arrival numbers softened and economic concerns grew, it was natural that tourism receipts would also be affected.

“Tourism is a discretionary activity, and it is our sense that our customers around the world are being careful in their travel decisions in the current environment."

“While the indicators aren’t favourable for tourism just now, we do know that tourism is an extremely resilient industry and history shows that it recovers well. What we don’t know at this stage is the depth or duration of the current downturn, and consequently when this recovery will occur."

Spending levels by key markets increased for visitors from Australia (up 7.5% to $1.7b), the UK (up 4.1% to $970m), Japan (up 0.8% to $407m), Canada (up 1.9% to $122m) and Singapore (up 9.5% to $65m).

Decreases in spend were recorded for visitors from the US (down 15.8% to $590m), Germany (down 3.2% to $242m), China (down 10.4% to $241m), South Korea (down 1.8% to $235m) and Taiwan (down 23% to $53m).

For further information on the release of International Visitor Survey data please visit the Ministry of Tourism research website (www.tourismresearch.govt.nz/ivs)

ENDS

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.