Tourism data

Risks to near-term tourism growth

25 Jan 2019

Our take on the latest Tourism data (Fri 25 Jan 2019)

Visitor arrivals +7.1%pa as at November 2018
New Zealand tourist departures +9.7%pa as at November 2018
Visitor arrivals from China down +4.4%pa as at November 2018

The key numbers...

  • In November compared with a year earlier, growth in visitor arrivals from Australia and the US more than offset falls from China and Japan.
  • The second consecutive decline in arrivals from China compared with a year earlier highlights risks for the tourism sector as China’s economic growth slows.
  • The potential for slowdown in other international economies, such as the US, could further dampen tourism growth over the next couple of years.
  • Australia made up nearly 40% of tourist arrivals in the past year and could become an increasingly important tourist market as economic growth slows elsewhere.

Annual change in visitor arrivals, Nov 2018

3048

...and our reaction

  • Visitor arrivals rose by a respectable 7.1% in November compared with a year earlier while the number of New Zealand tourists departing overseas grew 9.7%.
  • Australian and US tourists were the big contributors to November’s annual growth, rising 6.4% (7,853) and 8.2% (3,157) respectively.
  • Chinese tourist arrivals fell 4.4% in November compared with a year earlier; Japanese tourist arrivals fell 13.4%.