Budget 2016: Tourism sector gets further boost
The Government announced $45 million in additional funding over four years to further support tourism and its contribution to economic growth and jobs in regions across New Zealand.
The Budget 2016 funding injection builds on the wide range of government support already in place to assist the sector achieve its goals of providing high-quality experiences that attract high-value visitors to regions all year round.
The new funding, in addition to the over $130 million a year the government currently spends through Vote Tourism, will help unlock barriers to growth, manage pressures on infrastructure and at the same time identify opportunities for new markets to expand:
Regional Mid-Sized Tourism Facilities Fund
A new Regional Mid-sized Tourism Facilities Fund of $12 million over four years will be established for smaller scale infrastructure projects that deliver tourism-related facilities that will enhance the quality of tourists’ experience in a region and quickly improve infrastructure in areas where growth is impacting on visitor experience.
Targeting key growth markets
Budget 2016 also contributes an extra $8 million over four years for Tourism New Zealand to target key growth markets so New Zealand continues to diversify our visitor base.
India was identified three years ago as holding significant potential for the longer term, and investing more now will really accelerate growth from this high potential market. The eastern seaboard of the United States is similarly showing strong performance. The opportunity out of the USA is immediate with recently-announced air services from the US opening up the country.
Enhancing cycle trails
There will be new funding of $25 million over four years that will enable the, enhancement and extension of Nga Haerenga, the New Zealand Cycle Trail.