Report Published: "New Zealand Tourism Report Q1 2015"
Fast Market Research recommends "New Zealand Tourism Report Q1 2015" from Business Monitor International, now available
[UKPRwire, Tue Dec 16 2014] The New Zealand tourism report looks at a range of key indicators in this small but expanding tourism market in the remote corner of the Asia Pacific region. Arrivals to New Zealand increased in 2013 and are expected to rise in 2014 as well; we expect this growth trend to continue through the forecast period as the country raises its global profile and improves its international travel connections. The outbound travel market isn't far behind, with similar growth expected by 2018, creating a very healthy potential investment environment.
Both the inbound and outbound tourism markets are dominated by countries within the Asia Pacific region, which account for around two-thirds of visitors and departing tourists. Australia is the most popular country for visitors from New Zealand, and also takes the top spot in terms of arrivals due to the geographical proximity, range of travel connections and cultural/historical ties. Other popular destinations for tourists from New Zealand include the USA and UK, with Singapore, Hong Kong and Thailand not too far behind. Travel to all these countries, and indeed all regions, is expected to increase throughout the forecast period as New Zealand starts to experience more positive GDP growth and higher rates of private financial consumption, both key indicators of potential outbound tourism. Overall we expect the number of outbound tourists to increase from just under 3mn in 2014 to 3.4mn in 2018.
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This is slightly behind the total inbound arrivals figure for New Zealand, which we expect will reach 3.5mn in 2018, up from 2.8mn in 2014. New Zealand's inbound tourism market is relatively diverse, with solid arrivals from the UK, China, USA and Germany, among others, though all markets will continue to lag behind arrivals from Australia. We expect to see growth in arrivals from all regions, with potential visitors drawn by New Zealand's wide range of attractions, including picturesque coastlines and attractive metropolitan cities as well...
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