New Zealand's Tourism Industry Confidence Improves

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Wednesday, the latest Tourism Industry Monitor released by New Zealand's Ministry of Tourism showed that confidence in the tourism industry is returning with optimists slightly outweighing pessimists for the first time since monitor began in March 2009.

Around 44% of respondents believed that demand for tourism products will increase in the coming three months, while 41% said the demand will fall.

"We're cautiously saying, the worst may be over for tourism and things are slowly on the improve," said Bruce Bassett, Ministry of Tourism Research Manager.

Tourism Industry Association Chief Executive Tim Cossar has been holding meetings with hundreds of operators around the nation. Operators said Australia is vital in the short-term, but New Zealand's traditional markets cannot be forgotten.

Wednesday, the latest Tourism Industry Monitor released by New Zealand's Ministry of Tourism showed that confidence in the tourism industry is returning with optimists slightly outweighing pessimists for the first time since monitor began in March 2009. (Market News Provided by RTTNews)