Friends and family from overseas spend far more than realised

Friends and family from overseas spend far more than realised
Nov. 14 (BusinessDesk) – Newly reworked tourist spending data shows that friends and family visiting from other countries spend far more than previous surveys have identified, although tourism spending shows an overall downward trend in the last decade. The newly constituted International Visitor Survey is New Zealand’s primary measures of tourism spending and behaviour, and a complete revision of data collection methods has revealed the actual spending by visiting friends and relatives has been underreported by about 88 percent in the past....