How is Tourism New Zealand funded?

From 1 July 2019, most international visitors to New Zealand are charged the International Visitor Conservation and Tourism Levy (IVL) of $35. The IVL is invested in projects that will help to create productive, sustainable and inclusive tourism growth that protects and supports our environment.

How much money does NZ get from tourism?

In 2019, New Zealand’s tourism industry generated 40.9 billion dollars in revenue contributing nearly 10% to New Zealand’s GDP (direct and indirect value added) and generated nearly 400,000 jobs with 14.4% of all employed people in New Zealand working in a tourism related job (Stats NZ 2019).

Is tourism NZ a government agency?

Tourism New Zealand is the marketing agency responsible for promoting New Zealand as a tourism destination internationally. The Ministry of Business, Innovation and Employment; (previously the New Zealand Ministry of Tourism) is the government department tasked with tourism policy and research.

Why is tourism important for the New Zealand economy?

Tourism plays a significant role in the New Zealand economy in terms of generating export revenue and creating employment opportunities. Tourism expenditure includes spending by all travellers, whether they are international, resident householders, or business and government travellers.

Is Tourism NZ biggest industry?

Tourism was New Zealand’s biggest export industry, contributing 20.1% of total exports. Tourism generated a direct annual contribution to GDP of $16.4 billion, or 5.5%, and a further indirect contribution of $11.3 billion, another 3.8% of New Zealand’s total GDP.

What is New Zealand tourism known for?

Thanks to its dramatic topography, New Zealand is a hot spot for adrenaline-fueled sports. White water rafting, luging, jet boating, heli-skiing, skydiving, hiking, and mountain biking round out the list of outdoor adventures, and the country is home to one of the highest bungee jumps in the world.

How much does tourism contribute to the economy?

In 2019, the Travel & Tourism sector contributed 10.4% to global GDP; a share which decreased to 5.5% in 2020 due to ongoing restrictions to mobility. In 2020, 62 million jobs were lost, representing a drop of 18.5%, leaving just 272 million employed across the sector globally, compared to 334 million in 2019.

Is tourism NZ biggest industry?

What is the tourism industry made up of?

It incorporates many industries, including lodging, transport, attractions, travel companies, and more. In its broadest sense, tourism is defined as when people travel and stay in places outside of their usual environment for less than one consecutive year for leisure, business, health, or other reasons.

How does tourism contribute to the economy?

Tourism boosts the revenue of the economy, creates thousands of jobs, develops the infrastructures of a country, and plants a sense of cultural exchange between foreigners and citizens. Governments that rely on tourism for a big percentage of their revenue invest a lot in the infrastructure of the country.

How much does tourism contribute to GDP?

THE ECONOMIC IMPORTANCE OF TOURISM Tourism in Australia continues to be a driver of growth for the Australian economy, with domestic and international tourism spend totalling $122 billion in 2018-19. In the financial year 2018–19, Australia generated $60.8 billion in direct tourism gross domestic product (GDP).

What is the cause of increased tourism in New Zealand?

The availability of air travel is a large contributing factor to market growth. After Air New Zealand launched non-stop flights from Auckland to Buenos Aires in December 2015, visitor numbers from Argentina tripled, from 5,400 in 2015 to 15,300 in 2016.

What is the New Zealand Tourism Infrastructure Fund?

The fund aims to protect and enhance New Zealand’s reputation both domestically and internationally. Supporting robust infrastructure contributes to quality experiences for visitors, and maintains the social licence for the sector to operate.

How much has been approved for New Zealand’s regional tourism organisations?

More than $20 million has been approved for New Zealand’s 31 Regional Tourism Organisations (RTOs) to support the industry’s recovery in the short and long term, Tourism Minister Kelvin Davis announced today.

How is the government supporting the New Zealand history research trust fund?

As part of the COVID-19 Recovery Budget, the Government made a landmark investment to help ensure the sector not only survives – it adapts and thrives. The New Zealand History Research Trust Fund offers financial assistance for projects that will significantly enhance the understanding of NZ’s past.

What does $300 million in funding mean for the tourism industry?

More than $300 million in funding has been approved to protect strategic tourism businesses, drive domestic tourism through regional events and lift digital capability in the tourism industry, Tourism Minister Kelvin Davis announced today.