2013-12-12 13:47:26 - New Consumer Goods research report from Business Monitor International is now available from Fast Market Research
BMI's tourism report for New Zealand looks at a range of expected trends in the country's developing tourist industry. We are forecasting solid increases across all key market indicators, including inbound and outbound travel, travel expenditure and hotel industry value, reflecting New Zealand's status as a potentially lucrative long-term investment destination.
New Zealand offers visitors a range of attractions, including the rural mountains of the South Island, a variety of winter and summer sports, attractive metropolitan cities and eco-attractions, including whale watching, which make the country an enduringly popular holiday destination. As well as a range of natural attractions, New Zealand is building its reputation as a sporting destination, with major sporting events in 2013 including the Winter Games, a tour
from the England cricket team and cycling events like the Forrest Grape Ride further raising the country's status in the global market. Cultural events including the Pacifica Festival and The Golden Shears sheep shearing competition also attract thousands of visitors annually.
Full Report Details at
- www.fastmr.com/prod/723604_new_zealand_tourism_report_q1_2014.as ..
This established popularity means New Zealand is well placed to recover from the global financial crisis and recession, which impacted on inbound arrivals in 2008 and 2009. Since then, arrivals to New Zealand have recovered and are showing consisting growth. BMI expects inbound arrivals to reach 3.3mn in 2017, up from 2.7mn in 2013, with particularly strong growth in arrivals from countries within the Asia Pacific region, due to the strength of burgeoning markets in China and India.
Similar increases are expected in terms of outbound travel from New Zealand, although we expect growth to be slightly slower. By 2017, we expect to see outbound travel reach over 3.3mn, with the majority of tourists from New Zealand heading to countries in the Asia Pacific region, thanks to a wide range of travel links.
Tourism in New Zealand receives a great deal of support from the government, which is understandable as tourism makes a substantial contribution to the country's economy, making up 5.3% of GDP in 2012.
Moving forward, we expect the industry's contribution to overall GDP to grow steadily, to reach 6.9% in 2017. This is a substantial proportion of the country's GDP; for comparison, tourism in the UK contributed around 2% to the GDP in 2012, and India's just 1.2% and is likely to remain the focus of government development moving forward.
* Major hotel chains are taking more notice of New Zealand, for example Wyndham has opened two new Ramada hotels. However, BMI is only forecasting small growth in the number of new hotels as arrivals figures are not yet at the point of justifying further expansion.
* Six international airports catering to 29 airlines provide excellent air travel connections between New Zealand and the rest of the world. A range of small domestic airports provide further transport links around the country.
* New Zealand has been giving a Tourism Industry Risk/Reward Rating of 59.89, putting it in ninth place in the Asia Pacific region.
* several key infrastructure programs are ongoing, including expansion of the rail network and improvement of the country's international airport capacity.
Report Table of Contents:
BMI Industry View
- Business Environment
- Inbound Tourism
- Table: New Zealand Inbound Tourism, 2010-2017
- Table: New Zealand Top 10 destinations by arrivals, 2010-2017
- Outbound Tourism
- Table: New Zealand Outbound Tourism, 2010-2017
- Table: New Zealand Top 10 destinations by departures, 2010-2017
- Table: New Zealand Receipts for Travel Items, 2010-2017
- Table: New Zealand Methods of Travel, 2010-2017
- Table: New Zealand Hotels and Restaurant Industry Values, 2010-2017
- Table: New Zealand Hotel Accommodation, 2010-2017
Industry Risk Reward Ratings
- Table: Asia Tourism Risk/Reward Ratings
- New Zealand Risk/Reward Ratings
- Table: New Zealand Key Projects Database
- Table: New Zealand - Top 10 Global Hotels
- Tourism Holdings Ltd (THL)
Global Industry Overview
- Table: Global Overnight Stays And Average Length Of Stay, 2010-2017
- Table: Hotel Indicators, 2010-2017
- Table: Global Assumptions, 2012-2018
- Table: Global And Regional Real GDP Growth, 2012-2015 (% change y-o-y)
- Developed States
- Table: Developed States, Real GDP Growth Forecasts, 2012-2015
- Emerging Markets
- Table: Emerging Markets, Real GDP Growth Forecasts, 2012-2015
- Table: BMI Versus Bloomberg Consensus Real GDP Growth Forecasts, 2013 And 2014 (%)
- Table: New Zealand's Population By Age Group, 1990-2020 ('000)
- Table: New Zealand's Population By Age Group, 1990-2020 (% of total)
- Table: New Zealand's Key Population Ratios, 1990-2020
- Table: New Zealand's Rural And Urban Population, 1990-2020
- Industry Forecast Methodology
- Risk/Reward Ratings Methodology
- Table: Weighting Of Indicators
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Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
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