Thursday, June 29, 2017
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Investment & Finance

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.

PM: Doing nothing is not an option

Listen to Prime Minister John Key's full address to the Tourism Summit Aotearoa 2016. Image: TIA Doing nothing is not an option in the face of record tourist numbers but figuring out how best for...

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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