New Zealand’s Ministry of Tourism is forecasting
its international tourism expenditure (excluding airfares) to grow
by an average of 4.7% per annum to reach $8.2 billion in 2015.
This represents an increase in
spending of $2.3 billion per year by 2015, or an increase of 38%
from 2008 levels.
In the short-term, international tourism
expenditure is expected to be soft, down 2% in 2009, followed by
a recovery in 2010, up 4.5%. A larger increase in spending, up
9.1%, is forecast for 2011.
The increase will
be influenced by a recovering global economy and New Zealand’s
hosting of the Rugby World Cup.
Bruce Bassett, Ministry of
Tourism Research Manager, said, "The tourism industry is a very resilient sector
and even in the current challenging environment international
spend has held up remarkably well. These forecasts reinforce a
positive medium to long-term outlook for the sector, with
international visitor arrivals expected to increase by 2.5% per
annum, and expenditure by these visitors at the faster rate of
4.7% per annum."
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