Forecast Fine With a Top of 9.6

The Ministry of Tourism predicts that foreign tourist spending in NZ will increase by as much as 52% in the next 7 years. Spending is forecast to rise to NZ$9.6 billion by 2011 from NZ$6.3 billion in 2004, while foreign tourist arrivals are predicted to rise 38 percent to 3.2 million people by 2011, according to a recent report published by the Ministry. Tourism is currently the NZ economy’s biggest foreign exchange earner.


Tags: Bloomberg  The Ministry of Tourism  Tourism Industry  

Climate Risk Potential for New Zealand Hydropower

Climate Risk Potential for New Zealand Hydropower

With climate change set to bring more severe and frequent storms to some parts of the world and an increased risk of drought to others, for countries like New Zealand which…