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China

Market Overview

China is an enormous opportunity for New Zealand tourism, with the world's largest population and a fast-growing middle class.

China Market Update

Mark Frood, Regional Manager North Asia - August 2008

VIEW MARKET UPDATE

China is New Zealand's fastest-growing tourism market, which is a reflection of the rapid economic development that this country is currently experiencing. There are a growing number of wealthy Chinese keen to travel more.

The launch of Air New Zealand's direct flights to Beijing from July 2008 is expected to boost this market further and will help promote New Zealand as a single holiday destination, rather than being an add-on to Australia.

China is New Zealand’s fourth largest tourism market, with 122,916 visitors in the year ended July 2008, a 5.2 per cent increase on the previous year. This number is expected to rise on average by 8.7 per cent annually between 2008 and 2014.

With personal incomes rising at between 10-15 per cent each year, Chinese consumers are spending their disposable income on leisure activities including travel. Some 34 million Chinese travelled abroad last year, which made the country the largest outbound market in Asia.

Quick Facts:

Population

1,330,044,605 (July 2008 est)

Key regions/cities

Beijing , Shanghai , Guangzhou

Leave entitlement

10 days

Currency

Renminbi (RMB)/Yuan (CNY)

1 RMB/CNY = 10 jiao

Exchange rate

NZ$1 = RMB 4.61 (18 September 2008)

GDP growth estimated

9.8% in 2008 (July 2008 est.)

Per capita GDP (PPP)


US$5,300 (2007 est.)

Forecast growth in travel to

New Zealand 2008-14

8.7% per annum

Average expenditure per visit
(Holiday Visitors)

NZ $2,028 (YE Mar 2008)

Median length of stay
(Holiday Visitors)

3 days (YE Mar 2008)

Direct routes into New Zealand

Shanghai - Auckland
Beijing - Auckland

This information was last updated on 18 September 2008. Visit our sources for further information.

Sources: Tourism New Zealand Regional Rap, www.tourismresearch.govt.nz Ministry of Tourism, www.economist.com Australia Country Briefing, www.reuters.com Exchange Rates, www.cia.gov World Factbook, www.tourismresearch.govt.nz/Data--Analysis/International-tourism/ IVA and IVS, www.tourismresearch.govt.nz/Data--Analysis/Forecasts/2008---2014-Forecasts-National/ Forecasts 2008-2014

 


 

 
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