The cost of slow border openings to tourism: $39b by 2024

The Wanaka tree, one of Instagram's most popular snaps, waits for borders to open. (Image: Deposit photos)

Mon, 29 Nov 2021

New Zealand's tourism sector has tracked losses of more than $1.2 billion a month since border closures last March, Tourism Industry Aotearoa (TIA) says.The 1,300-member advocacy group counts $26b in lost earnings since NZ's border restrictions began, as the government's reaction to the covid pandemic smashed the country's biggest export earner.In 2019, the visitor economy generated $17.5b, or about a fifth of the country’s foreign exchange earnings. That's more than dairy exports, which were at $17.1b.And there’...

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Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 9:40am

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