International visitor spending in New Zealand reaches $11.1bn

By Olivia Minnock

Spending by international visitors to New Zealand is on the up, according to recent figures which reportedly reached $11.1bn in the past year.

This marked an increase of 9% from the previous year’s figure of $879mn. In terms of visitor numbers, arrivals rose 4% year on year to reach 3.78mn, according to figures released by the Ministry of Business, Innovation and Employment. In addition, average spending per visitor increased 4% to reach $3,290.

See also:

NZ to take advantage of Chinese tourism boom

Emirates ranks first in New Zealand customer satisfaction awards

Read the latest edition of Business Chief ANZ

Part of the growth has been due to the falling value of the New Zealand dollar as well as an increase in tourism from China, with the number of Chinese visitors to New Zealand increasing by 13% to 449,000 in a year.

Mark Gordon, the ministry’s manager of sector trends stated: “The number of visitors from China has increased by 13%, while the average spending per visitor was down slightly. However, spending from the US market was boosted both by increasing visitor numbers and an increase in the average spending per visitor, up 7%.”

On the whole, tourism from China is on the up thanks to a growing middle class with increased spending power. A strong yuan also contributed to some of the highest ever passenger numbers for Chinese airlines, with much of the travel taking place within Asia Pacific according to reports.

Gordon added: “Of New Zealand’s major tourism markets, Japan is the only one that showed a fall in spending, down 12%... Overall Japanese visitors are spending less when they are here with an average spend per visitor falling 11%.”

 

 

Share

Featured Articles

Nirvik Singh, COO Grey Group on adding colour to campaigns

Nirvik Singh, Global COO and President International of Grey Group, cultivating culture and utilising AI to enhance rather than replace human creativity

How Longi became the world’s leading solar tech manufacturer

On a mission to accelerate the adoption of sustainable energy solutions, US$30 billion Chinese tech firm Longi is not just selling solar – but using it

How Samsung’s US$5billion sustainability plan is working out

Armed with an ambitious billion-dollar strategy, Samsung is on track to achieve net zero carbon emissions company-wide by 2050 – but challenges persist

UOB: making strides in sustainability across Southeast Asia

Sustainability

Huawei smartwatch goes for gold with Ultimate Edition

Lifestyle

How IKEA India plans to double business, triple headcount

Corporate Finance