RWC 2011 gives Auckland $512 million boost 26 May 2012
- Robbie Rocks: Here’s Your Chance to be a Rock Star! Living
- Central Otago place names approved News
- Dinosaurs Take a Bite Out of Botany Town Centre Living
- More buildings cleared in review Property
- Auckland Big Day Out Widens the Festival Experience Living
- Bennetts Group buys assets of Jasons Travel Media Business
- Plan significant milestone for Christchurch housing recovery News
- Minister meets with Mayor of Christchurch News
- Epsom women wished well News
- Govt invests further $31 million in Hobsonville News
Rugby World Cup 2011 (RWC 2011) resulted in more than half a billion dollars in net additional expenditure in Auckland.
The economic impacts of the Tournament are outlined in a report which goes to Auckland Council’s Governing Body on May 31.
Analysis completed for Auckland Tourism, Events and Economic Development (ATEED) by Market Economics reveals that RWC 2011 resulted in an estimated $512 million net additional expenditure for Auckland between 2006 and 2012. When flow on expenditure is added, Auckland’s economy grew by $728 million over that period.
Auckland Mayor Len Brown says this is an outstanding result for the city.
“Major events should be key drivers of economic growth and RWC 2011 certainly delivered for Auckland,” Len Brown says.
“This is a tremendous return on the city’s investment and completes the picture of what RWC 2011 means for Auckland. The benefits are there for all to see, from these economic impacts to the renewed sense of pride in the city worldwide broadcast exposure, improved transport infrastructure, upgraded sporting facilities and new developments on the waterfront.”
“These are results we should all be proud of.”
ATEED Destination General Manager Rachael Dacy says in employment terms RWC 2011 generated the equivalent of almost 14,000 year long jobs in Auckland.
“This is a hugely significant outcome in a difficult economic climate. It further underlines the potential contribution of major events to host cities,” Ms Dacy says.
Ms Dacy says a common perception around major events is that the economic impacts mostly accrue to the accommodation and hospitality industry but RWC 2011 post event analysis reveals that they can be much more widespread.
The Top 10 Sectors that experienced the greatest shares of economic growth over the period 2006 to 2012 due to RWC 2011 were:
1. Property and business services $202 million
2. Construction $109 million
3. Manufacturing $87 million
4. Accommodation, Cafés, Restaurants $71 million
5. Transport and storage $69 million
6. Retail trade $69 million
7. Wholesale trade $66 million
8. Finance and insurance $57 million
9. Cultural and recreational services $53 million
10. Communications services $28 million
“These results should dispel the myth that only businesses that benefited from RWC 2011 were bars, restaurants and hotels in the CBD,” Ms Dacy says.
The report to Auckland Council’s Governing Body meeting also reveals that the Council’s RWC 2011 programme was delivered under budget.
Following revisions to the original $97 million budget, the total budget envelope across the Auckland Council group was $89.69 million over three years from 2009 to 2011. The actual expenditure for the same period was $88.49 million.
(Auckland Tourism Events and Economic Development)
10 Dec 2013 News
New Zealand Government Hon Maurice Williamson Minister for Land Information 10 December 2013 Media Statement Central Otago ... more
10 Dec 2013 Health
New Zealand Government Trial to reduce blood pressure by ‘zapping’ nerves A new cardiac procedure for people whose blood... more
10 Dec 2013 Business News
Article - BusinessDesk FMA sees big gap between ‘big four’ auditors and the rest By Paul McBeth Dec. 10... more
10 Dec 2013 Business News
Article - BusinessDesk NZ dollar touches fresh 5-year high against Australian dollar ahead of business confidence report By... more
10 Dec 2013 Lifestyle
Dunedin City Council Here’s Your Chance to be a Rock Star! Dunedin (Tuesday, 10 December 2013) – If you’re a... more
9 Dec 2013 Property
Auckland property values continue to surge ahead, up 15.2 per cent in the last year. QV has
10 Dec 2013 Migration
Doing Our Bit Costs, benefits, rugby and refugees Murdoch Stephens – Doing Our Bit (www.doingourbit.co.nz) Amongst all... more
10 Dec 2013 Travel & Tourism
Article - BusinessDesk Air New Zealand expects 1H pre-tax earnings of $166.8 mln, on target to exceed FY earnings By Tina... more
10 Dec 2013 Sport
Massey University Social media a boost for Olympic sports A Massey University researcher has found that social media is helping ... more
10 Dec 2013 Column
Column - Gordon Campbell Gordon Campbell on the latest TPP leaks, and our shabby treatment of asylum seekers by Gordon ... more
9 Dec 2013 People
In less than a year, Lorde has gone from a Year 12 student at Auckland's Takapuna Grammar to a global pop star. The Kiwi's... more
9 Dec 2013 Recruitment
Those in high paid jobs are seeing their wages rise faster than others because of a lack of competition partly due to people leaving... more