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

 

Tourism forecasts show long term outlook is positive

Media release

20 August 2013

Tourism forecasts show long term outlook is positive

The New Zealand Tourism Sector Outlook report, released today by the Ministry of Business, Innovation and Employment shows that the long term outlook for the tourism sector is positive. Growth in spending is forecast to come from countries such as Australia, Latin America, Africa, China and emerging markets like India and Indonesia.

Figure 1: Tourism expenditure forecasts for 2013-2019 by country


Click for big version.

Source: Ministry of Business, Innovation and Employment

Figure 1 shows a summary of the tourism expenditure forecast for key markets for the 2013-2019 period.

“The forecasts show that visitor numbers and spending are expected to grow between 2013 and 2019, which is great news for the industry and the wider New Zealand economy,” says Institutions and Systems Performance General Manager, Michael Bird.

“The forecasts also show that there will be shifts in the composition of visitors – their age, which countries they come from, why they visit, how long they stay and how much they spend.”

“There is no doubt that the Global Financial Crisis has had an effect on the number of visitors travelling to New Zealand from the United Kingdom and Europe.  The forecasts suggest that traditional markets like the United Kingdom will continue to decline.”

“However the decline in our traditional markets should be more than offset by strong growth from China and Australia.  Visitor arrivals from the United States are also expected to improve.”

The forecasts show that strongly growing emerging markets in Asia, Latin America and Africa will be a lucrative source of visitors for New Zealand.  The growth in the economies of those emerging markets is also expected to help lift visitor arrivals from Australia, which stands to benefit from these countries’ growing demand for resources.

“These forecasts provide a rich body of information for the tourism sector and related industries, and I believe they will greatly assist in planning and decision-making,” says Mr Bird.

“I would encourage tourism operators, and providers in related sectors, to pay particular attention to the forecasted changes in the mix of visitors and to actively align their business planning to capitalise on those shifts.”
The New Zealand Tourism Sector Outlook report is available here.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>

ALSO:

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:


Media: Discovery, Inc. Completes Acquisition Of New Zealand’s Mediaworks TV Ltd

Auckland, New Zealand, December 1, 2020 - Discovery, Inc. (“Discovery”), the global leader in real-life entertainment, has completed its acquisition of New Zealand’s leading independent free-to-air commercial broadcaster, MediaWorks TV Ltd, now operating ... More>>

Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing

ALSO:

House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO: