Friday 27th January 2017
|Text too small?|
A surge in international visitors continued to drive a rise in guest nights in New Zealand, the latest data shows.
National guest nights jumped 6.0 percent to 3 million in October compared to the same month a year ago, Statistics New Zealand said Friday. Guest nights were up 6.5 percent on the North Island and 5.3 percent on the South Island. Domestic guest nights dipped 0.6 percent to 1.76 million while international guest nights jumped 17 percent to 1.24 million.
"All of the national rise in guest nights was from foreign visitors," business indicators manager Melissa McKenzie said. "Although domestic guest nights fell slightly, most other guest-night series are at record highs for an October month."
The country's accommodation sector is buoyant, helped by record levels of tourism and migration. The government is encouraging investment into new hotels through its "project palace" initiative which helps identify opportunities for investors, amid concerns about a looming shortage of beds during peak periods. About 23 percent of New Zealand's international visitors typically arrive during the three months of spring, according to data from the Ministry of Business, Innovation and Employment. That compares with about 35 percent in the peak summer season.
Eleven of the 12 regional areas experienced a lift in guest nights, led by Hawke's Bay/Gisborne, where guest nights increased 10 percent to 108,000. Auckland remained the most popular region with 641,000 guest nights in the month, followed by Canterbury with 419,000. The only region to experience a fall was Taranaki, Manawatu, Whanganui, where guest nights slipped 1.2 percent to 146,000.
All four accommodation types had more guest nights in the month compared with the year earlier, Statistics New Zealand said.
The release of the October data was delayed due to the Nov. 14 earthquake.
No comments yet
A2 shares climb 7.7% as Chinese formula sales grow
NZ software firm SwipedOn sells for $11 million
AWF Madison drops 3.7% as failed construction firms dent earnings
Genesis partners with Tilt in Taranaki wind farm
NZ Steel grabs blocking stake in Steel & Tube
NZ heading for gas supply gap - OMV
October 17th Morning Report
NZ dollar at 2-week high as inflation lowers rate cut expectations
Dairy product prices descend, led by whole milk powder
MARKET CLOSE: NZ shares fall as Meridian faces declining hydro storage