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NZ expects billion-dollar economic boost from trans-Tasman bubble
New Zealand is projecting a billion-dollar boost for tourism if the long-delayed trans-Tasman travel bubble gets off the ground. Tourism New Zealand forecasts the travel bubble would inject at least $1 billion into the economy.
Australia is NZ’s largest tourism market with more than a 40% share. It accounts for about $2.7 billion a year in tourism spending. "Last year has been really good domestically, but it’s not enough to fill the hole left by international visitors," said TNZ interim CEO, Rene de Monchy.
The government is expected to make an announcement on Tuesday about the opening date of the bubble.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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