Overseas visitor arrivals in New Zealand increased by 300 or 0.1 percent year-on-year to 283,800 in October 2019, below market expectations of a 0.4 percent gain. Growth was driven by increases in arrivals from Australia (+7000) and Taiwan (+1700). In contrast, visitors declined from China (-3600), United States (-2700), Malaysia (-1700), and Germany (-1000). For the year ended October 2019, the total number of overseas visitor arrivals increased by 81,500, or 2.1 percent to 3.9 million, its lowest level in seven years, as the number of visitors from Asia continued to fall. Tourist Arrivals in New Zealand averaged 65150.78 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. source: Statistics New Zealand
Tourist Arrivals in New Zealand is expected to be 525000.00 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 269000.00 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.