MBIE cites 'overtourism', absorbs funding cuts

Tourism hotspots can be overrun with visitors. (Image: BusinessDesk)

Fri, 02 Feb 2024

The government agency tasked with supporting New Zealand tourism says a new suite of tools is required to ensure international visitors pay their own way while its own funding stream faces cuts of $80 million.In its briefing to incoming tourism and hospitality minister Matt Doocey, the Ministry of Business, Innovation and Employment (MBIE) disclosed that its budget of $253.2m will drop to $173.7m for the 2024/25 financial year following the closure of the regional events and tourism infrastructure funds and tourism facilities grants. ...

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