Overseas visitor arrivals in New Zealand increased by 1300 or 0.6 percent year-on-year to 213,500 in June 2019, missing market expectations of a 3 percent growth, driven by an 8.2 percent decrease (-4900 visitors) from Asia, with arrivals falling for Malaysia (-1800), Indonesia (-1400), Hong Kong (-1400), and China (-600). In contrast, visitors from Taiwan rose by 1200 and from the US and Australia by 1900 each. Tourist Arrivals in New Zealand averaged 64352.76 from 1921 until 2019, reaching an all time high of 529255 in December of 2018 and a record low of 40 in April of 1942.
Tourist Arrivals in New Zealand is expected to be 270000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Tourist Arrivals in New Zealand to stand at 275000.00 in 12 months time. In the long-term, the New Zealand Tourist Arrivals is projected to trend around 540000.00 in 2020, according to our econometric models.