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Lack of tourists and weak retail has kept Nelson at the bottom of the bank’s latest regional rankings.
Tourism remains low as a percentage of total iwi and Māori business investment but interest remains high, according to ANZ analyst David Harrison.
The bank highlights regions that could cope relatively better than others with a domestic market only.
The phasing out of the Government’s wage subsidy could see job losses in the order of a 150,000 by the end of the year, mostly linked to inbound tourism.
A new long term strategy must be developed to return the country to global connectivity, urge the trio.
Accommodation and food services will be Wellington’s hardest hit industries by Covid-19, according to a new report.
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.
It will take Queenstown Airport at least five years to return to pre-Covid activity levels.
But it will take longer for the return of pre-Covid profit levels, says the agent.
However, it could take five years for the hotel sector to recover, says the agent.
The report’s findings have prompted renewed calls from industry for a loosening of travel restrictions.
Taranaki’s strong domestic tourism market is expected to contribute to the region’s economic recovery, according to new research which forecasts an 8.5% contraction in regional GDP for the year to March 2021 – slightly worse than the 8% drop forecast nationwide.
Whanganui is well positioned to weather the effects of a global recession due to the Covid-19 crisis compared to other regions, says Infometrics economist Brad Olsen.
The initial post-Covid-19 recovery will be led by domestic tourism and young foreign visitors, says the bank.
A West Coast tourist train would find it difficult to generate a suitable return for KiwiRail but it could bring wider benefits to the region, according to a feasibility report.
Waipā district recorded the highest growth rate for tourism spend in New Zealand – 14% – over the 12 months to December 2019, according to Infometrics.
Tourism is now the West Coast’s biggest earner, according to economic consultants Infometrics.
The Ministry of Business, Innovation and Employment has released its first ever guidelines to help industry create destination management plans.
The Mood of the Nation survey validates destination management, according to Steve Armitage, general manager of destination at Auckland Tourism, Events & Economic Development.
Many of the country’s tourist hotspots have seen weak growth in visitor spending, says the bank.
Simon Upton says unrestrained growth risks harming the environment and the industry.
New Zealand’s tourism industry has laid out a cautious welcome to the Parliamentary Commissioner for the Environment’s new report on the impact of tourism growth.
The Parliamentary Commissioner for the Environment has signalled there will be a second investigation into the environmental consequences of projected tourism growth, having released his first report today.
Parliamentary Commissioner for the Environment Simon Upton will delay the release of the report into tourism in the wake of the events at Whakaari/White Island.
Otago’s Central Lakes will be hardest hit as tourism slows, says Westpac.
Funding is the key to whether the review’s recommendations are implemented, says the agency’s chief executive, Stephen England-Hall.
TIA and RTNZ welcome a government report that recommends an expansion of Tourism New Zealand’s remit to help plug regional and domestic data gaps.
New research into the impact climate concerns have on potential visitors is planned.
Tourism New Zealand is a “successful, well-performing agency”, and “a world leader in destination marketing”, according to the chair of the panel which conducted a review of the agency’s work.
NZ tops one of the four main measures used to rank countries so where did it come out of 140 nations analysed?
Australia reported one of the highest growth rates in international tourism spending last year, according to a report from the United Nations.
WellingtonNZ has set the record straight on its visitor market performance.
The underperformance of the capital’s tourism sector has been flagged by the council.
The performance of tourism is “a concern for the region”, says Westpac.
Tourism is one of the measures used to rank the reputation of 75 countries.
Slowing visitor growth, tighter lending conditions, and increased costs will take a toll, says Horwath HTL.
The potential of the sector in five of the country’s regions is highlighted in a new report.
NZ’s reliance on tourism and agriculture makes it vulnerable to global warming, says the govt’s latest environment report.
However, Christchurch’s mosque attacks will have a limited impact on tourism, says the investment firm.
A large number of proposed hotel developments in NZ are likely stall, says a new report.
The exchange rate, holidaymakers and smaller Asian markets drove tourism growth last year, says MBIE.
The sector is slowing but there are some bright spots, says the bank in its latest regional roundup.