05/03/2019 – New Zealand Tourism News
Tourism contributed NZ$47.5 billion (¥218b) or 18% of GDP to New Zealand’s economy in 2017 and this figure is set to almost double over the next 10 years.
ears, the latest research by the World Travel & Tourism Council (WTTC) has revealed in its “Travel & Tourism Economic Impact 2017 New Zealand report”.
The travel and tourism industry has been identified as a key growth sector for the New Zealand as part of its ambitious economic diversification policy, and is a key focus of the government.
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The research provides true insight into the growing value of the country’s travel and tourism industry as it forges ahead with its strategy to boost tourism-related infrastructure development and attract an increasing number of business and leisure travelers from across the globe, and international investment in the tourism sector.
The WTTC report reveals that travel and tourism directly supported 212,000 jobs (8.8% of total employment). By 2028, over 275,000 of jobs in New Zealand (10.9% of total employment) are forecast to be dependent on Travel & Tourism. The travel sector grew by 3.2% in 2017, faster than the economy as a whole which grew at 2.9% in the total wider economy.
A great example of tourism growth and hotel industry growth is Queenstown – New Zealand’s “adventure capital” that is popular all year for snow skiing, jet boats, hiking and many other activities. Queenstown is one of the most beautiful areas in New Zealand.
Occupancy rates in Queenstown have massively increased from ~55% in 2011 to ~79% in 2017! There is a shortage of accommodation in Queenstown – more tourists than hotel rooms.
Sourced from: Statistics NZ Tatauranga Aotearoa, 28 February 2018. (New Zealand’s official data agency)
We have investment hotel rooms and apartments for sale in Queenstown available for investors. Nearly 90% sold out. Contact us to find out more. We also have similar properties in booming Auckland, New Zealand’s largest city.
Of course, the growth of the tourism industry generates more job opportunities, and the key beneficiaries are hotels, travel agents, airlines and other passenger transportation services.
However, restaurants and leisure industries benefit from tourism too and therefore supports jobs in both.
This demonstrates the growth trajectory and potential of the New Zealand travel and tourism sector as it continues to roll out mega-events that attract global tourism such as UCI Track Cycling World Cups, IRONMAN 70.3 WORLD CHAMPIONSHIPS 2020, America’s Cup 2021, International tennis tournament etc.
Developments such as these, along with plans for new tourism destinations, cultural venues, shopping malls, and leisure and entertainment activities, could see the New Zealand shoot up the rankings further in the next travel and tourism impact report by WTTC.
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