Trade surplus still offsets lost visitor spend
New Zealand’s export performance has been an enduring good news story. Incredibly, the expansion to the trade surplus during 2020 has more than offset the reduction of foreign visitor spending to date.
Tourism
Cook Islands travel bubble: ‘soft aid’ from kiwi sunseekers
A potential New Zealand-Cook Islands travel bubble is a perpetual mirage on the horizon for kiwi travellers. The bubble would not just be a boon for kiwi sunseekers, but it could also be a $200m+ form of ‘soft aid’ that is a saviour of the Cook Islands economy.
Where were the school holiday spending hotspots?
The school holidays are behind us. Parents may be sighing with relief their dear children are no longer running riot, but many of our visitor destinations are back on tenterhooks as they wait to see whether the initial sugar rush of domestic travel can be sustained.
Trade surplus growth exceeds lost visitor spending
GOOD NEWS STORY: New Zealand’s trade surplus is sitting at record levels. What’s more, the expansion to the trade surplus has more than offset reduced international visitor spending.
First volley in domestic flight price war?
Jetstar is making a shrewd pitch for custom in the domestic market from people that are more price sensitive than they were in the relatively secure pre-Covid world. With people worrying more about their financial situations, there is arguably more scope for discount airlines to gain a bigger foothold than before.
Interview: Trump’s US-Europe travel ban NZ effects
Trump's travel ban on Europeans entering the US caught airlines, policymakers and travellers off guard. Coronavirus now poses a crisis-trifecta: Public health, economic and a financial crisis.
Air NZ needs to go back to its global financial ...
Things may get worse, before they get better, but Air New Zealand is a seasoned survivor. Following the Global Financial Crisis, the airline was one of the few to come through unscathed, remarkably remaining profitable even when the sky fell in for other airlines.
Novel coronavirus’s regional economic impact
The economic impacts of coronavirus are already being felt in our regions. With this context in mind, it is important to recap some of the key channels through which regional economies are being affected.
Jetstar’s regional withdrawal not just bad for airfares
Jetstar’s withdrawal from the regional market is a blow not just for consumers, but also economic and social development in the provinces.
Are tourists dissatisfied with hotels and motels?
Guest nights during February 2019 were down 0.4% from a year ago. The culprit was a 3.2% decline […]
Queenstown Mayor for Minister of Tourism
Queenstown Mayor Jim Boult has announced bold plans for a local referendum on a visitor levy (most likely […]