NZ tourism spending forecast to increase 25% by 2020, MBIE says

Fri, 05 Sep 2014

By Tina Morrison Sept. 5 (BusinessDesk) - Tourism spending in New Zealand will likely increase 25 percent to an annual $8.3 billion by 2020, driven by an increased number of visitors, according to a report by the Ministry of Business, Innovation and Employment. Visitor numbers are forecast to grow 31 percent to 3.6 million by 2020, although the average stay is expected to slide by 1 percent to 19 days and average spending per day will fall 4 percent to $124, according to the ministry's New Zealand Tourism Sector Outlook 2014-2020. Tour...

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