Lack of international tourists could leave $12.9b hole

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...

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