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Home / Business / Economy

Spending by foreign tourists slips 0.7pc

NZ Herald
10 Aug, 2010 05:30 PMQuick Read

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Spending by international visitors has dipped for a second year, but a boom in the Australian market has helped cushion the fall.

Ministry of Tourism figures show international visitor spend fell 0.7 per cent to $6 billion in the year to June, as the fallout from the global economic crisis
continued.

Ministry of Tourism research manager Bruce Bassett said that while the overall result was not good, it was consistent with market trends.

Visitor spend from the Australian market rose 5.8 per cent to $1.7 billion in the year to June, as spending from our second biggest market, Britain, continued to slide.

Total spending by visitors from the UK was down 14.1 per cent to $710 million in the year to June, and down $304 million from two years ago. Spending by visitors from the US was down 15.3 per cent, Japan fell 15.4 per cent and Germany was down 3.4 per cent.

The Chinese (up 17.2 per cent to $365 million) and South Korean markets (up 1.6 per cent to $201 million) were the only other markets to post gains.

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