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

 

Tourism spending hits from quake, ash cloud less than feared

Media Statement
Tuesday, 9 August 2011

Tourism spending hits from earthquake, ash cloud less than feared

Significant events such as the Christchurch earthquake and Chilean ash cloud have not caused as large a fall in tourism spending as might have been feared, research from the Ministry of Economic Development shows.

Spending by international visitors dropped by 6.5 percent to $5.6 billion in the year ending June 2011, according to the International Visitors’ Survey, the first to fully cover the events of Christchurch and the Chilean volcano.

Ministry of Economic Development’s Tourism Research and Evaluation Manager, Peter Ellis, said the drop in spending is consistent with the previous survey, which covered the year to March.

“Spending by international tourists has been dropping for over a year even though the number arriving remains pretty constant. One significant reason tourists are spending less per visit still appears to be the extremely high New Zealand dollar in relation to currencies other than the Australian dollar,” Mr Ellis said.

“The Christchurch earthquakes and the flight schedule havoc caused by the Chilean volcano haven’t damaged tourism as much as feared. These adverse events had their main impact during what is always the low tourism season. On an annual basis the arrivals have held up and spending hasn’t collapsed.”

Spending by British and American tourists dropped by 18 percent and 14 percent respectively.

Spending by Australians, our biggest market, dropped by almost six percent as holidaymakers made use of their strong dollar in other markets. The number of Australian residents visiting New Zealand to see friends and relatives is increasing, while the higher spending holidaymakers are decreasing in number and spent 11 percent less than in the previous year.

Spending by Korean and Chinese tourists continued to increase. Koreans currently account for four percent of international tourist expenditure in New Zealand, and Chinese for seven percent.

ENDS

Full release with data sheets: International_visitor_survey_June_2011.docx

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Energy: New Zealand Could Be World’s First Large-scale Producer Of Green Hydrogen

Contact Energy and Meridian Energy are seeking registrations of interest to develop the world’s largest green hydrogen plant. The plant has the potential to earn hundreds of millions in export revenue and help decarbonise economies both here and overseas... More>>


MBIE: 36th America’s Cup Post-event Reports Released

Post-event reporting on the 36th America’s Cup (AC36) has been released today. The reports cover the delivery of the event by Crown, Council and America’s Cup Event Limited, economic impacts for Auckland and New Zealand, and delivery of critical infrastructure... More>>

Fonterra: Farmer Feedback Set To Shape Revised Capital Structure Proposal

With the first phase of Fonterra’s capital structure consultation now complete, the Co-op is drawing up a revised proposal that aims to reflect farmers’ views. A number of changes are being considered to the preferred option initially put forward in the Consultation Booklet in May... More>>




Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>

ALSO: