NZ reaps $39b windfall

NEW Zealand’s tourism industry has contributed more than NZ$39 billion to the country’s economy, with growth in spending now out-pacing that of visitor arrivals.In its Tourism Satellite Account figures for the year ended Mar 2018, Stats NZ said total tourism expenditure had grown 7.7% over the same period last year, injecting an extra NZ$2.8 billion into the local economy.International visitor spending increased 9.6% to NZ$16.2 billion, while the number of international arrivals over