Thursday, March 22, 2018
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Investment & Finance

Chen: $1bn PGF a “shot in the arm” for regional tourism

The newly launched $1bn Provincial Growth Fund is a real "shot in the arm" for the regions being targeted, says the Tourism Export Council NZ.

RTOs welcome $12m funding, keen for more from $1bn PGF

Regional tourism leaders have welcomed the government's investment in developing new products and expect more to come from the $1bn Provincial Growth Fund in further rounds.   

Northland, Gisborne, West Coast tourism among first to benefit from $1bn PGF

Tourism in Northland, Tairāwhiti-East Coast, Hawke’s Bay, Manawatū-Whanganui and the West Coast will be among the first beneficiaries of the first deployment from the $1bn Provincial Growth Fund.

LGNZ: Regions get boost with Provincial Growth Fund

The $1 billion Provincial Growth Fund launched by the Government today will give New Zealand’s regions a boost and help unlock the potential of our rural and smaller centres, says LGNZ.

$730K for cycle trail improvements

More than $730,000 in funding for safety improvements to two Great Rides of Ngā Haerenga, the New Zealand Cycle Trail, has been announced by the government.

InterCity’s John Thorburn on the firm’s first foray overseas

InterCity Group CEO John Thorburn on the company's expansion beyond NZ with its purchase of the Cairns-based Tusa Group, which operates a variety of cruise products.  

Aussies snap up iconic NZ cycle trails operator

A leading Australian adventure travel specialist has acquired iconic central Otago Rail Trail cycling tour operator, Trail Journeys.

$135K contestable fund considered for resort businesses

A new contestable fund to support economic development in the District will be considered by the Queenstown Lakes District Council at its meeting this Thursday.

Will we see more private equity enter NZ tourism?

Following the revelation yesterday by the Ticker that Australia's Blue Sky has spent millions on a stake in Queenstown's Active Adventures, we take a look at the role PE is playing in Australian tourism and what that may mean for the industry here.

Tourism-related projects near completion

Transport Minister Simon Bridges says the first of three tourism-related transport projects in the Gisborne-Tairāwhiti region is nearing completion.

$1m funding for Stewart Island heritage centre

A new purpose-built heritage centre on Stewart Island will receive more than $1m in Government funding, Arts, Culture and Heritage Minister Maggie Barry has announced.

Fast-track options on the table for hotel investment

The government is discussing ways it can speed up investment into the hotel sector according to Tourism Minister Paula Bennett.

$5m boost for West Coast visitor economy

A $36.8m Action Plan will help boost the West Coast's visitor economy, support economic development, and improve connectivity and infrastructure.   

Māori Party: IwiRail will deliver cultural tourism jobs

A swathe of cultural tourism jobs could be created under new plans announced by the Māori Party to establish a $350m infrastructure fund.

Deloitte: NZ tourism well positioned for Chinese investment

The New Zealand tourism industry is well positioned for a wave of Chinese investment in tourism assets, according to Deloitte Access Economics.

Tourism leads Māori economy investment opportunities

Tourism has been hailed as a leading opportunity for investors looking to enter New Zealand’s thriving Māori economy, according to a new government report.

Wednesday Letter: Tourism Minister Paula Bennett

Tourism Minister Paula Bennett on why she is focused on helping regional NZ, the government's funding priorities, and why Queenstown and other regions may be able to get more support.  The tourism industry has enjoyed...

Initiatives aimed at boosting tourism facilities get funding

Community-based organisations with projects aimed at developing visitor facilities have received a funding boost.

Tourism spurs KiwiRail’s $72m purchase of Interislander ferry

Securing passenger flow between the North and South islands has prompted KiwiRail to spend €45m (NZ$72m) to buy the Kaitaki Interislander ferry.

China Southern boosts Tekapo tourism

China Southern Airlines has become an official partner of Mt John Observatory in a deal believed to be worth hundreds of thousands of dollars.

McClay seeks Malaysian investment in NZ tourism

Trade Minister Todd McClay is promoting New Zealand's tourism investment potential in his visit to Malaysia.

Treble Cone invests in new snowmaking system

Treble Cone is proud to announce that a new snowmaking system will be in place for the 2017 season.

Fund for operators raided for $5.5m infrastructure boost

The government has increased the Regional Mid-sized Tourism Facilities Grant Fund by $5.5m to help build infrastructure to cope with booming tourism growth.

Colliers: Looming hotel crisis and how to avert it

New Zealand is heading for an 'accommodation crunch' that will put its tourism industry at risk - here's how to avert it, says Colliers.

Golf tourism to benefit from $5.5m in govt grants

Golf tourism is expected to benefit from a government injection of $5.5m into two major golfing events.

Cardrona invests $15m in winter ’17

Cardona Alpine Resort is on track to complete $15m of developments in time for the winter season.

New zipline, kiwis and classic motorcycles among winners of $2.5m TGP funding

Two Rotorua and two Southland attractions have been granted nearly $2.5m in funding from the Tourism Growth Partnership.

Real Journeys’ Richard Lauder on $20m Walter Peak investment and beyond

Real Journeys is embarking on an extensive development programme which will see it pump millions into its major attractions.

Queenstown Airport buys Wanaka farm, gets into $750k “groove” 

Queenstown Airport Corporation has acquired Windermere Farm, a 43-hectare block of land located adjacent to Wanaka Airport.

$100K move to market Taupō district as premier ski hub

A plan to transform the Taupō District into New Zealand’s premier ski destination has gained full support from Taupō District Council who approved $100k of funding.

$2m funding boost for East Cape tourism

Tourism offerings in the East Cape are to receive a development boost thanks to $2m of funding from the government.

$1.7m boost for Rotorua’s Crankworx

The Government will invest up to $1.7 million over five years into the mountain biking Crankworx Festival and Enduro World Series in Rotorua.

Council pumps $1.5m into Hundertwasser art attraction  

The Northland Regional Council has boosted the hopes of art lovers everywhere after injecting $1.5m into Whangarei’s Hundertwasser Art Centre project.

Wellington airport falls short of issue target despite record year ahead

Wellington International Airport failed to reach its $75m target after a bond issue raised $70m, most of which went to a single institutional investor. The 8-year bonds mature on June 16, 2025, yielding an annual...

SkyCity’s NZICC on track but it’s not committing to other expansion plans

The $700m New Zealand International Convention Centre and Hobson St hotel projects remain on-budget and on-target despite owners SkyCity remaining uncommitted in other expansion plans.

Bennett on funding: Industry must take lead and contribute

In a Q&A focused on funding, Tourism Minister Paula Bennett outlines the government's view of investing in the sector and calls on the industry to contribute.

Across the ditch: Australia must invest to maintain tourism boom

In a warning to us here, a lack of investment in training and infrastructure could curtail Australia's booming tourism industry, says David Beirman, senior lecturer in tourism at the University of Technology Sydney.

TIA, RTONZ welcome infrastructure report

The Tourism Industry Association and Regional Tourism Organisations New Zealand have welcomed the release of a report into the funding of tourism infrastructure.

Water tops local government wish-list

Waste water management is the primary infrastructure issue that needs to be addressed, according to Local Government New Zealand chief executive, Malcolm Alexander.

Local issues dominate infrastructure survey

Accommodation and car-parking are some of the local issues highlighted in an assessment of New Zealand’s infrastructure challenges, according to an industry project currently underway.

Star-gazers win $3.5m TGP funding

Two star-gazing ventures have attracted a total of $3.5m of government investment in the latest round of funding from the Tourism Growth Partnership (TGP).
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