Tourism set to grow 4% annually to 2025, spending to reach $15B

Tourism set to grow 4% annually to 2025, spending to reach $15B
Jenny Ruth
By Jenny Ruth May 16 (BusinessDesk) - International tourist arrivals in New Zealand should grow 4 percent a year between now and 2025 and reach 5.1 million visitors in 2025. That’s up from 3.9 million visitors in 2018, according to figures from the Ministry of Business, Innovation and Employment. “Total international spend is expected to reach $15 billion, excluding international airfares and education,” MBIE says. “This is an increase of 34 percent from 2018 when it was $11.2 billion.” MBIE says the growth will be driven in the...

More Economy

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024
Albanese pledges prosperity through manufacturing boost
Economy

Albanese pledges prosperity through manufacturing boost

Renewable energy and critical minerals key focus of $24 billion strategy.

AAP 04 Jul 2024