Working holiday arrivals ‘exceed expectations’

Working holiday arrivals ‘exceed expectations’
Working holidaymakers are arriving in the nick of time for seasonal visitor surge. (Image: Getty)
Jem Traylen
Early arrivals of working holidaymakers are exceeding expectations ahead of the seasonal late spring visitor surge, says the backpackers’ industry.Backpacker Youth and Adventure Tourism Association chair Chris Sperring told BusinessDesk that early indicators were “very, very good” and exceeded all expectations for visas issued.Immigration NZ (INZ) recently said the demand for visitor visas is about three times higher than expected since borders reopened.Immigration has also surveyed holders of working holiday visas that were e...

More Economy

Nearly $2b worth of ANZ mortgages overdue
Economy

Nearly $2b worth of ANZ mortgages overdue

That's up from $1.5b the year prior.

Riley Kennedy 08 May 2024
Weak red meat prices drop ANZCO Foods' profit nearly 60%
Economy

Weak red meat prices drop ANZCO Foods' profit nearly 60%

But, unlike other major processors, it still managed to turn a profit.

Riley Kennedy 07 May 2024
ANZ increases cash profit as net interest margins get squeezed
Economy

ANZ increases cash profit as net interest margins get squeezed

ANZ New Zealand has reported a 4% increase in its half-yearly profit despite pressure squeezing its margins.The bank's cash profit increased to $1.15 billion in the six months to March, up from $1.1b in the same period last year, but stable compared to the second half of its...

Riley Kennedy 07 May 2024
Beyond the headlines: Jobs data points to a divided NZ
Economy

Cameron Bagrie: Beyond the headlines: Jobs data points to a divided NZ

Greatest challenge is the pressure jump in joblessness puts on society and economy.

Cameron Bagrie 07 May 2024