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


NZ tourism, migration boom continues in May

Wednesday 22 June 2016 11:29 AM

NZ tourism, migration boom continues in May

By Paul McBeth

June 22 (BusinessDesk) - New Zealand's booming tourism and migration were extended in May as the economy's two biggest support planks continued to set annual records.

Annual net migration reached a new record 68,400 in May, rising from 68,100 in the year through April, and up from 57,800 a year earlier, Statistics New Zealand said. At the same time, overseas short-term visitor arrivals reached 3.29 million in the year ended May 31, up from 3.27 million in the year through April and 11 percent higher than a year earlier.

A swelling population stoking more activity and record inflows of tourists have helped offset the impact of a rural sector reeling from weak dairy prices. At the same time, a rising population has posed problems for policymakers by fuelling demand for an already-stretched housing market in Auckland, while restraining wage growth. The nation's per-capita growth has been anemic.

Today's data show the inflow of net migration is slowing with the seasonally adjusted monthly gain at 5,500, down from a peak of 6,200 in November last year. Visitors on work visas accounted for the bulk of new arrivals, up 11 percent to 38,900 in the year ended May 31, while those on student visas were up an annual 8.3 percent at 27,800. The number of New Zealand and Australian citizens arriving rose 4.8 percent to 36,300 in the year.

The Treasury expects annual net migration will peak in June at 70,700, before returning to the long-run average of 12,000 by June 2019.

"We expect annual net migration to fall rapidly over the coming year or two, as foreigners who arrived on temporary work or student visas over the past three years begin to depart, and as the recovering Australian labour market begins to attract New Zealanders across the Tasman," Westpac Banking Corp's New Zealand chief economist Dominick Stephens said in a note. "However, even if net migration drops away from its peak, it will still be very high by historical standards for some time."

Of those new migrants who arrived in the year, a net 31,600 settled in Auckland, followed by a net 7,000 moving to Canterbury, 2,900 in Wellington, 2,600 in Waikato, and 2,400 in Bay of Plenty.

The figures also showed there were more Chinese holidaymakers in May at 22,200 than the 20,200 Australians who came for a break, just the second time China had trumped New Zealand's closest neighbour. On an annual basis, Australians made up 534,500 of the 1.68 million holidaymakers, while China was the second biggest pool at 305,400. Business visitors were up 13 percent in May to 25,600 from a year earlier, and 4.7 percent on an annual basis to 281,900, more than half of whom came from across the Tasman.

Indian holidaymakers, a market Tourism New Zealand wants to grow in an effort to bridge the nation's shoulder season, rose14 percent to 3,500 in the month of May and were up 15 percent to 23,900 in the year.



© Scoop Media

Business Headlines | Sci-Tech Headlines


Energy Sector: Meridian Spilled Water To Hike Electricity Prices - Authority Ruling

The Electricity Authority has found that generator Meridian Energy manipulated the power market, costing consumers about $80 million. More>>


XE Data Update: RBNZ Official Cash Rate Decision

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More>>


Electricity: Kiwis Ignore Promise Of Cheaper Power

Electric Kiwi and Flick Electric Co are joint winners of Canstar Blue’s award for Most Satisfied Customers | Electricity Providers From putting on an extra layer – rather than turning on a heater – to turning off lights and choosing the energy-saving ... More>>


Economy: COVID-19 Contributes To 1.6 Percent Fall In March Quarter GDP

Gross domestic product (GDP) fell 1.6 percent in the March 2020 quarter, the largest drop in 29 years, as the initial effects of COVID-19 restrictions impacted on economic activity, Stats NZ said today. This quarter’s GDP results showed a widespread drop ... More>>


Electricity: Transmission Pricing For A Low Carbon Future

The Electricity Authority has decided on new guidelines for transmission pricing. James Stevenson-Wallace, Chief Executive of the Electricity Authority says the new guidelines will deliver significant benefits to consumers, through lower electricity ... More>>


ASB: Investor Confidence Falls To Four-Year Low

As the world grapples with the fallout from the most significant pandemic the world has seen in a century, economic concerns are weighing on investors, dragging investor confidence down to a four-year low in the first quarter of the year. For the three ... More>>


Science Media Centre: Funding For R&D In New Zealand – Expert Reaction

Research, Science and Innovation Minister Dr Megan Woods has today announced $401.3 million funding for research and development through Budget 2020 and the COVID Response and Recovery Fund. The fund includes $150 million for an R&D loan scheme, ... More>>


Science: 2019 Prime Minister’s Science Prizes Announced

The 2019 Prime Minister’s Science Prizes have been announced in a digital livestream event today. The Prizes recognise the impact of science on New Zealanders’ lives, celebrate the achievements of current scientists and encourage scientists of the ... More>>


RNZ: Fuel, Alcohol Costs To Go Up From Today

The increase today in the taxes on fuel, road user charges and alcohol is being called a tone-deaf move. More>>


Stardome Observatory: Young Kiwi Astro-Photographer Shoots For The Stars

Matariki by Josh Kirkley. The stars are aligning for up-and-coming Auckland-based astro-photographer Josh Kirkley (Kāi Tahu). During lockdown, one of his images was picked up by NASA and shared on the space agency’s Instagram to its 59.2 million ... More>>

DCANZ: Time For EU To Commit To A Level Playing Field For Trade

The Dairy Companies Association of New Zealand (DCANZ) has welcomed New Zealand Trade Minister David Parker’s statement that it is unacceptable for New Zealand exporters to continue facing an ‘unlevel playing field’ in the EU. Details leaked ... More>>


Potatoes New Zealand: Protecting NZ Fries As Part Of PNZ Pandemic Recovery & Transformation Plan

Potatoes New Zealand has met with Minister Faafoi this week to discuss investigating the potential importation of heavily discounted frozen potato chips into New Zealand. With MBIE’s support we are undertaking an investigation to gather evidence of the ... More>>


New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>


Science Media Centre: Understanding 5G Concerns – Expert Q&A

Recent attacks on cell phone towers have brought concerns over the rollout of 5G technology into sharp relief.
While scientific research has consistently shown that the technology does not adversely affect human health, public concerns about its impact have spread around the world, fueled in part by growing misinformation online. The SMC asked experts to comment... More>>


Trade: Record Monthly Surplus As Imports Dive

Imports in April 2020 had their biggest fall since October 2009, resulting in a monthly trade surplus of $1.3 billion, Stats NZ said today. “This is the largest monthly trade surplus on record and the annual goods trade deficit is the lowest ... More>>