Tourism Ticker
The Business of Tourism
 
Tourism Ticker
The Business of Tourism

Tourism Ticker

Tourism Ticker
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Tuesday 05 March 2024
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Economy

Perspectives: What is tourism’s role in global prosperity? 15th January 2024 /

Perspectives: What is tourism’s role in global prosperity?

The sector faces significant challenges yet holds great potential for addressing global issues.


QLDC seeks submissions on diversification 14th November 2023 /

QLDC seeks submissions on diversification

Queenstown Lakes District Council is seeking public feedback on a regional diversification plan that aims to attract businesses, build on tourism expertise, and grow a local economy in other industries.


Tourism rare highlight in tough economy – Westpac 11th October 2023 /

Tourism rare highlight in tough economy – Westpac

Otago and Auckland in particular are benefitting from the recovery in international travel.


Canterbury tourism-related sectors positive 26th September 2023 /

Canterbury tourism-related sectors positive

Confidence within the Canterbury business sector has fallen due to uncertainty around inflation, interest rates, and demand but those in tourism-related sectors are more positive.


International visitor return strengthens economy – govt 21st September 2023 /

International visitor return strengthens economy – govt

The return of international visitors is helping to improve New Zealand’s economy and shrink the current account deficit, according to Finance Minister Grant Robertson.


Tourism supporting demand in subdued environment – Westpac 10th August 2023 /

Tourism supporting demand in subdued environment – Westpac

Tourism is one of the bright spots for New Zealand’s economy in an otherwise muted environment, says Westpac.


Tourism one of four reasons NZ’s economic slowdown moderating – Stephens 4th July 2023 /

Tourism one of four reasons NZ’s economic slowdown moderating – Stephens

Tourism has come back faster than even Treasury expected and is one of four reasons New Zealand’s recession is not as bad as many expected, says Dominick Stephens.


Tourism bolsters Rotorua business confidence 26th May 2023 /

Tourism bolsters Rotorua business confidence

Rotorua businesses are feeling more upbeat about the future of the city, according to the latest Business Pulse report by RotoruaNZ.


Staff shortages, rising costs, weather impacts hurting confidence – survey 4th May 2023

Staff shortages, rising costs, weather impacts hurting confidence – survey

Businesses are grappling with a range of challenges, including a shortage of skilled workers, increasing supply chain costs, and the impacts of recent weather events. 


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.


Opportunity for tourism to put GDP back on track – TIA 17th March 2023 /

Opportunity for tourism to put GDP back on track – TIA

December’s 0.6% GDP slide provides an opportunity for tourism to play an important role in moving back to positive territory, TIA believes.


Tourism recovery boosts transport, economy – Infometrics 22nd February 2023 /

Tourism recovery boosts transport, economy – Infometrics

The strong recovery of the tourism sector has helped boost the transport sector and wider economy, according to Infometrics’ December 2022 Quarterly Economic Monitor.


Tourism recovery helps give economy “whopping” boost 15th December 2022 /

Tourism recovery helps give economy “whopping” boost

The return of international travel has given the economy an unexpected lift, surprising analysts with the strength of activity.


Tourism helps economy rebound, NZ avoids recession 15th September 2022

Tourism helps economy rebound, NZ avoids recession

The return of international visitors has given the country’s economy a boost.


Marlborough visitor spend, guest nights fall… 9th September 2022 /

Marlborough visitor spend, guest nights fall…

Marlborough’s local tourism expenditure was down 7.7% in the year to June – more than the 6.6% drop reported nationally, according to Infometrics.


Queenstown seeks economic diversification tenders 5th August 2022 /

Queenstown seeks economic diversification tenders

Queenstown Lakes District Council is seeking tenders for the implementation of its District Economic Diversification Plan.


Staffing challenges drive Central NZ business confidence to 16-year low… 20th July 2022 /

Staffing challenges drive Central NZ business confidence to 16-year low…

Business confidence has dipped due to the pain of interest rates, finding skilled staff, and rising costs.


…while Canterbury’s tight labour market biggest business barrier 20th July 2022 /

…while Canterbury’s tight labour market biggest business barrier

The constrained labour market and lack of overseas workers are the biggest barrier to business, the Quarterly Canterbury Business Survey


Long lead times, recovering market leaves little room to manoeuvre on prices 2nd May 2022 /

Long lead times, recovering market leaves little room to manoeuvre on prices

Rising costs are prompting price revisions with little room to manoeuvre in a recovering market for ITOs and suppliers.


Inflation is at a 30-year high but can operators increase their prices? 29th April 2022 /

Inflation is at a 30-year high but can operators increase their prices?

The Ticker looks at how tourism businesses are coping with rising costs and whether they can increase prices in a recovering market.


Tourism spend up 16% for Hastings 9th March 2022 /

Tourism spend up 16% for Hastings

Despite tourism spend up 16% the city’s events, hospitality and retail sectors still face challenges.


…but it will boost the regions over summer, especially Otago – Westpac 15th December 2021 /

…but it will boost the regions over summer, especially Otago – Westpac

Tourism-dependent Otago has suffered from Auckland’s lockdown.


Total credit defaults fall in Nov, but rise in Auckland, Northland 8th December 2021

Total credit defaults fall in Nov, but rise in Auckland, Northland

Credit defaults for businesses overall fell 5% in November compared to last month as the economy recovers heading into summer, according to Centrix.


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.


Queenstown launches economic diversification campaign 6th July 2021 /

Queenstown launches economic diversification campaign

Queenstown Lakes has launched a campaign to attract business leaders, employers, and talent to the district to help diversify its economy from tourism.


“Massive” north v south divide as tourism struggles – ASB 5th July 2021 /

“Massive” north v south divide as tourism struggles – ASB

The divide between the north and south has widened due in part to the latter’s reliance on tourism, says the bank.


NZ could face a ‘two-speed economy’ – BusinessNZ 25th June 2021

NZ could face a ‘two-speed economy’ – BusinessNZ

A recent BusinessNZ Planning Forecast shows gross domestic product figures “holding up well, [but] constraints to growth are rising,” says chief executive Kirk Hope.


Lack of international visitors dragging economy – Westpac 18th May 2021 /

Lack of international visitors dragging economy – Westpac

Bank now predics a recovery in monthly international visitor arrivals around 2024.


Southern tourism still suffering most – Westpac 14th January 2021 /

Southern tourism still suffering most – Westpac

But tourism in regions like Hawke’s Bay and Northland has fared better, says the bank.


Tourism, events slump risks $1bn hole for Auckland 12th November 2020

Tourism, events slump risks $1bn hole for Auckland

The $450m hole that Covid-19 has punched in Auckland Council’s finances this year could grow by a further $540m by 2024, says Auckland Council.


Treasury assumes full border opening Jan 2022 17th September 2020 /

Treasury assumes full border opening Jan 2022

However, tourism could start recovering from September next year with safe travel corridors possibly open.  


Large scale reopening of borders unlikely any time soon – ASB 7th September 2020

Large scale reopening of borders unlikely any time soon – ASB

Tourism is the most visible casualty from Covid-19 with a “dramatically reduced” likelihood of large scale reopening of New Zealand’s borders.


What a second lockdown could look like for tourism 14th August 2020 /

What a second lockdown could look like for tourism

Westpac and NZIER analyse the cost of lockdowns and the impact on hard-hit tourism.


Confidence up but “large economic hole” for tourism – ANZ 10th July 2020 /

Confidence up but “large economic hole” for tourism – ANZ

Despite an improvement in business confidence, an inconvenient truth remains – there’s a very large economic hole where tourism used to be.


NZ to suffer bigger hit from international tourism collapse – ASB 1st July 2020 /

NZ to suffer bigger hit from international tourism collapse – ASB

New Zealand’s reliance on international tourism will see it suffer more than its major trading partners as the fight against Covid-19 drags on, says ASB.


Confidence slumps in tourism-dependent regions – Westpac 25th June 2020 /

Confidence slumps in tourism-dependent regions – Westpac

The impact of Covid-19 on the tourism sector resulted in sharp drops in confidence across most regions that relied heavily on international visitors.


Rough recession for tourism-reliant regions – Westpac 19th June 2020 /

Rough recession for tourism-reliant regions – Westpac

Otago’s high exposure to tourism means it is facing the “biggest economic struggle” of the post-lockdown recession.


Hospo, tourism hit hard as GDP suffers worst fall since 1991 – Stats NZ 19th June 2020 /

Hospo, tourism hit hard as GDP suffers worst fall since 1991 – Stats NZ

It was the largest quarterly fall since the 2.4% decline in the March 1991 quarter.


Consumer confidence lowest since 2009 – Westpac 17th June 2020 /

Consumer confidence lowest since 2009 – Westpac

Consumer confidence is the lowest it has been since 2009, according to the latest Westpac McDermott-Miller Consumer Confidence Index.


250k jobs could go in ‘greatest shock’ in a century – Infometrics 21st May 2020 /

250k jobs could go in ‘greatest shock’ in a century – Infometrics

Tourism and construction dependent regions are most at risk, say the economists.


Bay of Plenty to escape the worst of Covid-19 impacts – report 20th May 2020 /

Bay of Plenty to escape the worst of Covid-19 impacts – report

The Covid-19 crisis may not have as severe an impact on the Bay of Plenty as other parts of New Zealand, says the Bay of Plenty Regional Council.


Former Wayfare boss, TIA chair calls for scrapping of alert levels 7th May 2020 /

Former Wayfare boss, TIA chair calls for scrapping of alert levels

Former Wayfare boss, Richard Lauder, has called for the scrapping of alert levels arguing they were constructed for an upward path into lockdown, not for a move out of lockdown and a restoration of economic activity.


Reserve Bank highlights hit to tourism, prompts calls to ease restrictions 7th May 2020 /

Reserve Bank highlights hit to tourism, prompts calls to ease restrictions

The report’s findings have prompted renewed calls from industry for a loosening of travel restrictions.


NZ’s borders shut for up to a year under new Treasury scenarios 14th April 2020 /

NZ’s borders shut for up to a year under new Treasury scenarios

Unemployment could range between 13% – 26% as New Zealand tries to cope with the impact of Covid-19.


Recovery winners will be “those set up to thrive in challenging environment” – ASB 7th April 2020 /

Recovery winners will be “those set up to thrive in challenging environment” – ASB

Prepare for a “tumultuous” year ahead with the winners being “those that are set up to thrive in a challenging environment”, says ASB.


Business confidence plunges in March – ANZ 1st April 2020 /

Business confidence plunges in March – ANZ

Business confidence plunged over the second half of March as the Covid-19 outbreak become a global pandemic, says ANZ.


Long haul for tourism as coronavirus could cost 200k jobs – banks 30th March 2020 /

Long haul for tourism as coronavirus could cost 200k jobs – banks

Tourism is in for a long haul back to pre-pandemic levels with the outbreak costing around 200,000 jobs, according to the country’s banks.


Tourism puts NZ near top of worst affected economies – OECD 30th March 2020 /

Tourism puts NZ near top of worst affected economies – OECD

New Zealand could suffer one of the worst contractions in economic activity due to the Covid-19 lockdown, according to a new report.