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

 

Holiday parks give most income back to their communities


Holiday parks contribute an average of 86% of their expenditure to their own regions and add further value through social, environmental and community contributions, a new report has found.

In combination with its ongoing Visitor Expenditure research, Holiday Parks New Zealand commissioned Angus & Associates to investigate the value of holiday parks to the communities in which they are based. The report examined the expenditure and non-financial contributions of a range of holiday parks across the country.

The average total expenditure of the holiday parks featured in the study was $1.11 million for the year ending March 2018. Expenditure most likely to be made in a park’s own region included rent, salaries and wages, indirect taxes, security, repairs, replacement and maintenance, cleaning and laundry, accounting and legal fees, and motor vehicle expenses. On average, more than 90% of expenditure in these categories occurred in-region.

Holiday parks’ average expenditure per region has grown compared with the 2016/17 and 2017/18 studies. In particular, the proportion of expenditure spent within the region for a small holiday park increased to 77 percent from 71 percent in 2016/17.

Salaries, wages and other employee costs were the largest expenses for holiday parks, with small and medium holiday parks spending a fifth of their expenditure on capital improvements, such as ablution blocks and solar panels. Large holiday parks may have a stronger focus on replacement and repairs, the report suggests.

Small holiday parks were found to have a slightly higher expenditure on advertising, promotion and publicity compared to large and medium parks.

“Park investment has increased noticeably since 2017. The improvement to facilities may reflect the strong performance of holiday parks and New Zealand’s tourism sector in general in recent years,” says New Zealand Holiday Parks Chief Executive Fergus Brown.

The study suggests that when the contribution of parks is combined with the average spend of park visitors, the holiday park sector’s economic contribution to New Zealand is $1.32 billion – higher than previous estimates of $1.16 billion (2015) and $1.17 billion (2017).

In addition to financial contributions, holiday parks are making social, environmental, economic and community contributions to their local areas. Some ways in which they were found to be doing this were by having staff act as board members or trustees of local community boards and projects, and as predator control advocates and conservation volunteers.

Fergus Brown states: “Not only are the parks bringing $1.2 billion a year to the industry in visitor expenditure, they are creating a sustainable environment and allowing communities to thrive”.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO:

Aerospace: Christchurch Plan To Be NZ's Testbed

Christchurch aims to be at the centre of New Zealand’s burgeoning aerospace sector by 2025, according to the city’s aerospace strategic plan. More>>

ALSO:

EPA: Spill Sees Abatement Notice Served For Tamarind Taranaki

The notice was issued after a “sheen” on the sea surface was reported to regulators on Thursday 21 November, approximately 400 metres from the FPSO Umuroa. A survey commissioned by Tamarind has subsequently detected damage to the flowline connecting the Umuroa to the Tui 2H well. More>>

Taskforce Report: Changes Recommended For Winter Grazing

A Taskforce has made 11 recommendations to improve animal welfare in intensive winter grazing farm systems, the Minister of Agriculture Damien O’Connor confirmed today. More>>

ALSO: