Now Available: New Zealand Tourism Report Q4 2014

BMI is forecasting healthy growth over our forecast period to 2018 across a range of key market indicators for New Zealand's burgeoning tourism industry. Arrivals have recovered well from a decline in 2012 and are expected to gain substantial ground to 2018. At the same time, an improving domestic economic environment is providing a boost to the outbound travel sector and is also generating investment capital for a range of infrastructure improvement projects that will benefit tourism in the short and long term.

The growth in tourism is expected to be driven largely by the expansion of inbound arrivals. New Zealand has no shortage of tourist attractions, with visitors drawn to the mountain ranges, which are year-round holiday destinations; the picturesque coastlines; and attractive metropolitan cities. New Zealand is also building its reputation as a sporting destination through high-profile events such as the Rugby World Cup. It also hosts monster truck rallies, rugby and cricket tours, sailing regattas and cycling events such as the Forrest Grape Ride. Cultural events including the Pacifica Festival and The Golden Shears sheep-shearing competition also attract thousands of visitors annually and help to provide more sustainability to the market.

Full Report Details at
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Arrivals to New Zealand did suffer in the wake of the global credit crunch, as many key source markets were affected and the country is, for most, an expensive long-haul destination. The 2011 earthquake may also have deterred some potential visitors. However, arrivals saw healthy growth in 2013, and in 2014 are expected to reach 2.8mn. Healthy growth is expected for the remainder of the forecast period, and by 2018 BMI expects arrivals to reach 3.4mn. Thanks to the range of travel connections, countries from the Asia Pacific region (and Australia in particular) are expected to dominate New Zealand's inbound travel market.

Growth in terms of outbound travel may be slightly more subdued during the forecast period. However,...

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.

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