Official figures show the strongest growth in expenditure was driven from Asia, reflecting strong expenditure growth from these markets through the year.

Asia’s Love Affair with New Zealand Continues

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Tourism New Zealand says continued growth in international holiday arrivals and an 18% increase in spending for the latest quarter is “more great news” for the New Zealand economy.

The financial contribution to New Zealand’s economy from international tourism is sitting at a high of NZ$10.3 billion (US$7.4bn) for the year ended June 2016, with holiday spend contributing $6.3 billion (US$4.5bn).

Official figures show the strongest growth in expenditure was driven from Asia, with China (up 33%), Japan (up 57%) and Korea (up 92%) reflecting strong expenditure growth from these markets through the year.

The spending figures come as Statistics New Zealand figures show total holiday arrivals are up a 21% for the month of July 2016, a 17% increase for the year ending July.

TNZ chief executive Kevin Bowler said, “The big increase in holiday arrivals in our key markets of Australia, China and the United States is exceptional.

“China continues to deliver strong growth, with holiday arrivals up 31.5%, supported by similar strong performances across our other Asian markets, including Indonesia, up 14%, Japan up 20.9% and India up 23.8%.

“To have sustained such strong growth into the winter months is further confirmation that New Zealand can be a successful holiday destination for all seasons.”

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