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The Business of Tourism
 
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Tuesday 05 March 2024
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ASB

China slows NZ tourism recovery – ASB 7th December 2023 /

China slows NZ tourism recovery – ASB

China’s slower recovery from Covid has constrained New Zealand’s tourism rebound, says ASB in its December 2023 Economic Forecast Update.


Visitor economy one bright spot in NZ’s recession gloom – ASB 18th April 2023 /

Visitor economy one bright spot in NZ’s recession gloom – ASB

The key Chinese market is only in the early stages of recovery, says the bank.


Southern regions rise thanks to tourism – ASB 31st March 2023 /

Southern regions rise thanks to tourism – ASB

Regions hit hard by the downturn in international tourism during the pandemic have made a strong recovery.


ASB tips tourism to be “outperformer” as other industries slow 24th November 2022

ASB tips tourism to be “outperformer” as other industries slow

The positive outlook for the tourism sector comes despite slowing economic growth, acute capacity constraints, low labour force and population growth, as well as widespread cost, price increases, and rising interest rates.


Southern regions rise as international tourism revives – ASB 29th June 2022 /

Southern regions rise as international tourism revives – ASB

After languishing at the bottom of the bank’s regional rankings, Otago and Southland are on the move.


Tasman tops financial wellbeing rankings – ASB 26th January 2022 /

Tasman tops financial wellbeing rankings – ASB

Popular summer holiday region Tasman has the strongest financial wellbeing in the country, according to ASB.


West Coast shrugs off tourism woes to top economic rankings – ASB 28th September 2021 /

West Coast shrugs off tourism woes to top economic rankings – ASB

The West Coast has made a “stunning” return to the top of ASB’s latest measure of regional economic performance. 


Successful Covid elimination will bring economic bounce – ASB 7th September 2021 /

Successful Covid elimination will bring economic bounce – ASB

ASB Bank expects the economy to rebound 8% in Q4 if the elimination of Covid-19 in Auckland is successful.


Tourism slump looms large in ‘single star’ Otago economy – ASB 30th March 2021 /

Tourism slump looms large in ‘single star’ Otago economy – ASB

The bank says Otago is the “perfect illustration of the struggles faced by the tourism-dependent regions”.


Business confidence plunges to record lows in April 5th May 2020 /

Business confidence plunges to record lows in April

Business and consumer confidence has plunged to record lows in April, says ASB in their latest Economic Weekly forecast.


ASB: Global economy, weak NZ$, growing connectivity to sustain tourism boom 21st December 2017 /

ASB: Global economy, weak NZ$, growing connectivity to sustain tourism boom

The strengthening global economy, lower NZ dollar and increasing international mobility and connectivity will sustain the current tourism boom, according to bank ASB.


Banks: Capacity constraints putting tourism growth at risk 27th April 2017 /

Banks: Capacity constraints putting tourism growth at risk

Short-term visitor arrivals were flat in March compared to the same month last year marking the first period since 2014 when a new monthly record was not set.