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

 

International visitors spend $10.4 billion

17 November 2017

International visitors spend $10.4 billion in year to September 2017

Spending by international visitors in New Zealand was $10.4 billion for the year to September 2017, according to the latest International Visitor Survey released today by the Ministry of Business, Innovation and Employment (MBIE).

MBIE’s manager of sector trends Mark Gordon says international visitor expenditure is at a record high, with an increase of four percent compared with the year ended September 2016.

“An increase in visitors from the United States has resulted in a 14 per cent jump in spending from this market over the year to $1.2 billion. Direct flights between Auckland and Houston have helped attract more visitors from the US,” says Mr Gordon.

“In addition, international visitor spending is up due to the DHL New Zealand Lion Series 2017. UK visitors spent upwards of $181 million in the third quarter of 2017, up 104 percent on the same quarter last year.

“Australian visitors remain the largest international market for spending in New Zealand, spending $2.6 billion over the year to September 2017. The next largest market was Chinese visitors who spent $1.4 billion.

“While international visitor numbers continue to climb (up nine per cent over the year to September 2017), overall expenditure growth has been moderated by the strong New Zealand dollar, which has affected the amount visitors spend on average.

“MBIE has predicted that visitor numbers and spend should see a steady growth over the next few years, growing by 47 per cent by 2023 to $15.3 billion,” says Mr Gordon.

The International Visitor Survey is based on results from approximately 8,928 visitors departing New Zealand airports, with data released by MBIE quarterly.

For more information on the International Visitor Survey, visit: http://www.mbie.govt.nz/info-services/sectors-industries/tourism/tourism-research-data/ivs/ivs-commentary

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Consents For New Homes At All-Time High

A record 41,028 new homes have been consented in the year ended March 2021, Stats NZ said today. The previous record for the annual number of new homes consented was 40,025 in the year ended February 1974. “Within 10 years the number of new homes ... More>>

Stats NZ: Unemployment Declines As Underutilisation Rises

The seasonally adjusted unemployment rate decreased to 4.7 percent in the March 2021 quarter, continuing to fall from its recent peak of 5.2 percent in the September 2020 quarter but remaining high compared with recent years, Stats NZ said today. ... More>>

ALSO:

Digitl: The Story Behind Vodafone’s FibreX Court Ruling

Vodafone’s FibreX service was in the news this week. What is the story behind the Fair Trading Act court case? More>>

Reserve Bank: Concerned About New Zealand's Rising House Prices

New Zealand house prices have risen significantly in the past 12 months. This has raised concerns at the Reserve Bank of New Zealand – Te Putea Matua about the risk this poses to financial stability. Central banks responded swiftly to the global ... More>>

Westpac: Announces Strong Financial Result

Westpac New Zealand (Westpac NZ) [i] says a strong half-year financial result has been driven by better than expected economic conditions. Chief Executive David McLean said while the global COVID-19 pandemic was far from over, the financial effect on ... More>>

MYOB: SME Confidence In Economic Performance Still Cautious

New insights from the annual MYOB Business Monitor have shown the SME sector is still cautious about the potential for further economic recovery, with two-in-five (41%) expecting the New Zealand economy to decline this year. The latest research ... More>>