TOURISM SPEND SURGES 8% TO $39B
HOUSING SHORTAGE LIKELY FOR AMERICA'S CUP
New Zealand’s tourism industry continues to soar on the back of an increase in both overseas and domestic travellers, leading to a 7.7% jump in its contribution to the economy.
The tourism industry contributed a total of $39.1 billion for the year to March, an increase of $2.8b on the previous year.
ZERO VACANCY FOR WYNYARD QUARTER
Auckland is likely to face a housing shortage when it hosts the America's Cup in 2021, with up to 900 more residential units needed, according to new research.
A report by international real estate services company CBRE showed an undersupply of housing and slow central city apartment development was likely to add to pressure from the 2021 America's Cup.
AMERICAS CUP TO PUSH UP HOTEL ROOM RATES BEYOND CUP
JLL’s Vertical Vacancy Review for the Third Quarter has shown that, for the first time, Auckland’s Wynyard Quarter is fully occupied.
The report — which monitors the vacancy across prime buildings in Auckland, Wellington and Christchurch — took a close look at the Wynyard Quarter, which is home to numerous new buildings, many with large floorplates and an area tipped to be “party central” during 2012 America’s Cup Regatta.
HOTEL OCCUPANCY HITS ALL TIME HIGH
Auckland hotels will have the no vacancy sign out and rates will spike when the city hosts the America's Cup in 2021, research out today says.
The report by international real estate services company CBRE says that if tourism growth continues at forecast rates demand will exceed supply at the time of the Cup, in spite of a surge in hotel building now underway.
TWO MILLION PASSENGERS FOR WANAKA AIRPORT.
New Zealand accommodation providers hosted a record number of guest in the year to the end of February, reinforcing suggestions the sector could do with more capacity.
A record 39.6 million guest nights were spent in short-term commercial accommodation in the year ended February 2018, up 2.8 percent on the same period a year earlier and more than any other 12-month period, Statistics New Zealand said. International guest nights lifted 5 percent to 17.4 million, making up 44 percent of total guest nights, while domestic stays advanced 1.1 percent to 22.2 million.
5 MILLION VISITORS EXPECTED TO NZ BY 2024
Wanaka residents who are trying to guess how big the town's airport might become have been given some strong clues by two Queenstown Airport Corporation (QAC) documents.
They show that by 2045, there could be 2 million passengers either wanting to land at, or take off from, Queenstown Airport who cannot be accommodated there, even if the airport is expanded.
WANAKA BRACES FOR TOURISM BOOM
Visitor arrivals to New Zealand are expected to grow 4.6 per cent a year, reaching 5.1 million visitors in 2024 from 3.7 million in the last year.
Total international visitor spending - excluding airfares and spending by international students - is expected to reach $14.8 billion in 2024, up 40 per cent from 2017, according to Ministry of Business, Innovation and Employment figures.
WYNYARD QUARTER TO BENEFIT FROM $100 MILLION GOVT INFRASTRUCTURE FUNDING
Worldwide, more people are travelling than ever before, fuelled by greater global prosperity, cheaper air travel and the rise of the middle class in many emerging markets.
In the past three years New Zealand's popularity as a tourist destination has grown so significantly, its proportion of national export earnings now makes it larger than New Zealand's dairy ($12.9billion); and meat, wool, fruit and oil industries combined.
WANAKA AIRPORT NOW THE FOCUS
The New Zealand Government’s new budget has announced a $100 million "support package" for the hosting of the America's Cup in 2021.
Team New Zealand won the right to host sailing's blue riband event by beating Oracle Team USA in Bermuda last year.
FIRST B HOTEL SET TO LAUNCH IN WANAKA
Focus switched to Wanaka after Queenstown airport quits expansion
The Queenstown Airport Corporation is now looking at developing Wanaka airport after a proposal to expand Queenstown airport’s runway met vehement opposition from local residents.
WANAKA TOURISM GROWS
After considerable planning and design B Groups first Hip Hotel is under construction. Set to open early in 2019 this unique lodge will house 35 luxury suites and encompass a landscaped courtyard housing outdoor fire places, wood fired oven and petangue pit. The public will also get to enjoy this new facility via its ground floor cafe and roof top bistro.
NZ TOURISM GOES FROM STRENGTH TO STRENGTH
Tourism expenditure grew in every New Zealand region during the year to October 2016 and Otago was one of the fastest-growing regions — led by Wanaka.
Ministry of Business, Innovation and Employment data released yesterday revealed Otago was the second-fastest-growing region in New Zealand, up 14% to $3.4 billion.
International visitors brought over $10 billion into New Zealand over the last year, Tourism New Zealand says. In the year ended June 30, the financial contribution from international visitors was $10.3 billion, up 18% from 2015…