Aussies head to NZ to take advantage of strong dollar
Travel chiefs in New Zealand are disappointed that tourism revenue has remained flat despite the fact the country attracted more visitors last year.
Overall, international visitor arrivals were up by four per cent over the course of the year, but this did not transfer into greater profits for local businesses.
It seems that many shrewd Aussies made the relatively short trip over to New Zealand in order to take advantage of some of the best exchange rates seen for years.
The strength of the Aussie dollar meant that holidaymakers' overseas travel money was stretching far further than in previous years.
At present, one Aussie dollar gets you around 1.28 of the New Zealand equivalent and it seems that lots of tourists have found this too hard to resist.
Tourism research and evaluation manager Peter Ellis said that revenues have been falling for the past seven years.
"This is mostly because of the increasing proportion of visitors who are relatively low-spending Australian residents, particularly those coming to New Zealand to visit friends and relatives," he remarked.
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