Overseas visitor arrivals in New Zealand were down 2,700 or 1.2 percent year-on-year to 219,300 in May 2019, missing market expectations of a 3 percent growth, driven by decreases in arrivals from China (down 2,800) and India (down 1,900). By contrast, arrivals from Indonesia were up 1,600. Arrivals for the year ended May 2019 were 3.89 million, up 83,700 from the year ended May 2018. 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.