24 July 2008
NZ Business Tourism Flying High
Figures released yesterday showed business tourism in New Zealand is booming, despite an apparent lag in traditionally strong holiday tourism numbers.
Every year, $1 billion is injected into the New Zealand economy from business tourism, Conventions and Incentives New Zealand (CINZ) announced in a press release yesterday, and the revenue from the industry is expecting to markedly climb over the coming months.
"Despite the country’s touted economic downturn and falling inbound tourism numbers, business tourism is healthy and we are looking to grow it even further," said Alan Trotter, CINZ CEO.
Although the majority of international business tourism income is generated by Australian business, CINZ will be looking to maximise economical benefits from other international markets at their MEETINGS 2008 tradeshow. Approximately $180 million is expected to be generated by this year's tradeshow alone.
The Immigration Department offers temporary and permanent New Zealand business visas for all business owners, investors, and entrepreneurs wanting to work in New Zealand. The temporary entry business visa gives people the opportunity to live and work in New Zealand before applying for permanent residency. The permanent residence business visa allows investors, entrepreneurs, and employees of relocating businesses to work and live in New Zealand permanently, provided they meet the qualifying criteria as determined by Immigration New Zealand.
The New Zealand Visa Bureau is an independent consulting company specialising in helping people emigrate to New Zealand.
Article by Jessica Bird, New Zealand Visa Bureau.