The tourism sector is facing a combination of environmental and business risks that could make some operators unviable
After languishing at the bottom of the bank’s regional rankings, Otago and Southland are on the move.
The Chinese are yet to return but arrivals from other countries are on the move.
Rising costs are prompting price revisions with little room to manoeuvre in a recovering market for ITOs and suppliers.
The Ticker looks at how tourism businesses are coping with rising costs and whether they can increase prices in a recovering market.
The World Travel & Tourism Council paints a rosy recovery with both global tourism GDP and employment near pre-Covid levels next year.
Some 68% of local SMEs believe the New Zealand economy will decline in the next 12 months.
Tourism stakeholders share their hopes for changes to New Zealand’s border settings.
The bank says NZ’s current self-iso border requirements will be too prohibitive for potential travellers.
The third wave of the Explore Tāmaki Makaurau Voucher Programme is underway, with a further 50,000 vouchers allocated to registered Aucklanders.
Hospitality NZ chief executive Julie White said businesses could not be in a worse position to pay higher wages after the government announced the minimum wage increase to $21.20 per hour from 1 April 2022.
People have gone into their shells “like never before during the pandemic” with a possible wave of business failures to come.
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Tourism-dependent Otago has suffered from Auckland’s lockdown.
Credit defaults for businesses overall fell 5% in November compared to last month as the economy recovers heading into summer, according to Centrix.
New Zealand will move to a new “traffic light” system to replace the Alert Level system as full vaccination rates top the 90% mark, says prime minister Jacinda Ardern.
The West Coast has made a “stunning” return to the top of ASB’s latest measure of regional economic performance.
Consumer card spending is bouncing back to near pre-lockdown levels, according to a new Bank of New Zealand survey.
Domestic tourism picked up a decent chunk but it wasn’t the top category, according to a new survey.
Auckland’s Heart of the City is asking for more government support to get businesses through the current Delta outbreak.
BusinessNZ is urging consumers to support ‘mom-and-pop’ local shops that have borne the brunt of the latest lockdowns.
ASB Bank expects the economy to rebound 8% in Q4 if the elimination of Covid-19 in Auckland is successful.
Mandatory record keeping kicks in midnight Tuesday, at the same time most of the country could move to alert level 2.
More areas saw visitor spend fall in July compared to the same month a year ago.
With borders possibly closed for another summer, some operators are close to breaking point, says TIA’s Chris Roberts.
A majority of businesses in Auckland, Waikato, Taupō and Tauranga are confident of surviving the pandemic, but optimism is much lower in areas heavily reliant on tourism.
The Ministry of Social Development/Work and Income is opening applications for the Wage Subsidy August 2021 from 9am today.
There’s relief at seeing a plan but also acknowledgement that it won’t be a smooth path back.
The Delta variant has changed the equation, says the former Air NZ boss.
The divide between the north and south has widened due in part to the latter’s reliance on tourism, says the bank.
The crash in international tourism due to the pandemic may cause around US$4tr in damage to the global economy over 2020 and 2021, says a UN report.
A recent BusinessNZ Planning Forecast shows gross domestic product figures “holding up well, [but] constraints to growth are rising,” says chief executive Kirk Hope.
The tourism industry also faces a debate on transforming to ‘high quality’
Extension seen as piecemeal rather than changing labour market paradigms for tourism.
Wharf project receives $2 million, while Hamilton-Waikato Tourism gets one-off grant of $575,000 over three year period.
More tourism experts have pushed out the prospects of a full recovery until 2024 at the earliest.
The $5bn education export sector is getting its own version of a policy reset while borders remain closed, possibly impacting the number and type of international students allowed to enter in future.
A case study on Māori tourism experiences has been featured in a new international database alongside 31 other examples on tourism development from around the world.
A pivot away from tourism leaves councils scrambling to reorganise their funding base, says LGNZ.
Around 200 economic development delegates are at Economic Development New Zealand 2021 conference at Palmerston North.
Six recommendations to current immigration and visa rules has been put forward as business struggle to hire.
Event set to feature 149 NZ companies and 66 Australia hosted buyers.
Waitangi Treaty Grounds secures $3.6m from the Budget.
Visas commonly used for workers such as chefs or snow sport instructors will be rolled into a new catch-all visa type that requires all employers to be registered with Immigration New Zealand.
Bank now predics a recovery in monthly international visitor arrivals around 2024.
Ardern plans to take Scott Morrison to some of the South Island’s tourist destinations.
Electronic card transaction spending for March in the hospitality sector jumped 26.1% to $1.04bn compared to the same month in 2020, according to Stats NZ.
Queenstown’s a winner, but other parts of New Zealand could see domestic tourism spend diverted abroad.
The restoration of international tourism should see a large bump in the number of workers able to be employed, says the bank.
Nash says he is “deeply concerned” about the situation unfolding in these five destinations.
