Infometrics April newsletter
Handbrake released for regional tourism operators
The handbrake has been lifted for tourism operators in regional New Zealand, after years of underperformance following the Global Financial Crisis. Data from Statistics New Zealand shows that guest nights in2014 grew in 48 of New Zealand’s 66 territorial authorities (excluding Chatham Islands), adding to evidence from Infometrics’ regional GDP database that 50 territorial authorities had positive growth in tourism GDP over the March 2014 year.
Monitor your local economy with our new web-based system
Infometrics quarterly economic reports are now web-based. The product enables councils and economic development agencies to keep their finger on the economic pulse of their local economies. A feature much appreciated by our clients is that the system enables our clients to compare their growth performance with all other districts and regions in New Zealand.
Commuters and remote workers can contribute to economic revival of towns
Each morning the train station in the small Wairarapa town of Carterton is packed with commuters who do the long trek into Wellington. Like me, these people have each balanced up the pros of living far out of town against the costs. The journey takes an hour and a half so the costs are clearly significant. But we each weigh these costs against the benefits of the more pleasant climate, affordable housing and the opportunities of living on a lifestyle block.