Survey: New Zealand tourism likely to cool off

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New Zealand Ministry of Economic Development’s Tourism Industry Monitor’s survey of 400 travel businesses suggested that country’s tourism industry is expected to cool off over next 3 month.

Even with business confidence index increase suggesting that optimists outnumber pessimists, still 35% of respondents expect the demand to fall, while 0% anticipate the demand to increase withing next 3 months.

Industry demand dropped by 0.6% this summer, compared with the same period last year, and profitability fell 0.2%. Further decrease in demand by 0.2% expected between September and November while profitability is expected to increase by 0.4%.