"New Zealand Tourism Report Q1 2016" is now available at Fast Market Research

Tourism in New Zealand represents the second most important share of its GDP, and the forecasted increase in the number of inbounds arrival, in the next five years, confirms that it will remain a key sector. As such, the government and the New Zealand Tourism board have been working to continue making the country an attractive destination through, in particular, marketing campaigns (Middle-earth) and more flight routes to key source countries. We therefore expect the value of the hotel industry to continue growing, reaching USD4.2bn by 2019, and the value of international tourism receipts to follow suit, increasing by 44% between 2015 and 2019.

Full Report Details at
- http://www.fastmr.com/prod/1063200_new_zealand_tourism_report_q1.aspx?afid=301

New Zealand's excellent range of tourist attractions - from ski resorts to beaches, whale-watching and water sports to cosmopolitan city centres - makes the country an enduringly attractive destination for travellers from around the world, despite its relatively remote location. As such, although it faces competition from neighbouring Australia, we expect that New Zealand will continue to benefit from an increase in inbound tourism in the coming years. These will grow by 5.44% in 2015, to reach approximately 3mn, a result of the 2015 Cricket World Cup and, perhaps more importantly, the economic recovery that is starting to show in its top source countries (Australia, UK and US). These increases will also be felt in terms of international tourism receipts, with the value of receipts for travel items, reaching USD7.7bn in 2015, accounting for the bulk of tourism spending in New Zealand (79%). Receipts for travel services will follow the same trend, albeit in a more reserved fashion, increasing to USD2bn in 2015.

The New Zealand Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's New Zealand Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the New Zealand tourism industry.

Key Benefits

* Benchmark BMI's independent tourism industry forecasts for New Zealand to test other views - a key input for successful budgetary and planning in the New Zealand tourism market.
* Target business opportunities and risks in the New Zealand tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in New Zealand.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

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