Lack of international tourists could leave $12.9b hole

Lack of international tourists could leave $12.9b hole
Rebecca Howard
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...

More Markets

NZ sharemarket claws back to end the week up 0.5%
Markets Market close

NZ sharemarket claws back to end the week up 0.5%

Index rumours drive prices on two shares. 

Graham Skellern 13 Dec 2024
Staff leave Meridian after retail 'reset'
Markets

Staff leave Meridian after retail 'reset'

Expect a very different approach from Meridian in 2025, executive says.

John Anthony 13 Dec 2024
NZX, NZSA want level playing field in climate reporting
Markets

NZX, NZSA want level playing field in climate reporting

Climate reporting liabilities for company directors could soon be eased.

Greg Hurrell 13 Dec 2024
Cannasouth delisting keeps Petterson in charge
Markets

Cannasouth delisting keeps Petterson in charge

Cannasouth major shareholders pushed to end voluntary administration they had called in.

Garth Bray 13 Dec 2024