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Published on : Thursday, October 6, 2016
Speaking on the Economy Hub, Tourism Holdings chief executive Grant Webste said that the surge in new air services was supporting unprecedented growth and ‘as long as that continues to grow we’re in a new paradigm.’ He added, “You could probably have a global shock or a regional shock.”
International and domestic tourism was worth $32.5 billion a year. This looks promising and in line with 2025 target of $41b, he said.
The strong propensity to travel by a growing middle class was now locked in among big markets including China, the source of New Zealand’s second highest number of visitors after Australia.
With the unprecedented growth, hotel infrastructure is under strain. This would lead to greater dispersal of visitors to regional destinations, he said.