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

Brent Melville
Mon, 29 Nov 2021

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)
Brent Melville
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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Vocus-2degrees merger makes sense – can they make it work?
Peter Griffin | Thu, 20 Jan 2022

The question isn’t whether 2degrees and Vocus should come together. It’s how will this newly merged player give us the third strong market player we’ve long needed.

Primary Sector
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