Markets Market Open

Lack of international tourists could leave $12.9b hole

Rebecca Howard
Tue, 24 Nov 2020

Lack of international tourists could leave $12.9b hole
Rebecca Howard
Tue, 24 Nov 2020
Tourism Holdings, SkyCity Entertainment, Air NZ and Auckland International Airport will face pressure after Tourism NZ said the lack of international tourism will leave a $12.9 billion hole in the economy.While surprisingly strong domestic tourism has taken the edge off the damage, research from Tourism NZ revealed it takes 12 overnight trips from Kiwis to equal the spend of one international visitor, “which means New Zealand is likely to see a gap of $12.9 billion per annum without international visitors.”“Tourism is a major...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ shares fall as market rally evaporates
Dan Brunskill | Wed, 29 Jun 2022

A survey showed US consumer confidence was at its lowest since 2013.

Bloomberg
Donald Trump Steers Himself into a Legal Morass
Bloomberg | Wed, 29 Jun 2022

I don’t think anyone can doubt that Trump committed crimes, based on the testimony we’ve heard. Serious crimes. 

Infrastructure
Kiwi chair Mark Ford says property values may fall 5-10%
Jenny Ruth | Wed, 29 Jun 2022

Many of the factors weighing on Kiwi Property's share price are beyond its control, chair Mark Ford told shareholders.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.