Returning students, cruise ship visits and events at
Forsyth Barr Stadium helped deliver close to a $15 million
boost for the Otago economy last month, Otago Chamber of
Commerce chief executive John Christie says.
Paymark figures show $213.9 million was spent across the
province during February, a 7.5% increase when compared with
the corresponding month last year.
That spending upswing pleased Mr Christie, who said the
figures were ''a pretty accurate barometer on what is
happening in our economy''.
February was a notable month for Dunedin, with students
returning, more than 20 cruise ships having visited and
Forsyth Barr Stadium hosting several large sporting and music
The figures showed the value of having events in the city
which attracted people from outside the area, Mr Christie
''Out-of-town money coming in and spending in the city is
particularly good for the economy. A dollar in from outside
the region is worth a lot more to us ... and the more we get
of that the better.''
The stadium recorded its biggest week from February 17 to
February 23, which included Orientation events, the
Highlanders v Chiefs match and the pre-season encounter
between the Warriors and Brisbane Broncos.
The sold-out Orientation headliner of Macklemore and Ryan
Lewis on February 21 coincided with a $1 million (14.2%)
increase in Paymark figures when compared with the previous
Spending was largely driven by the retail and hospitality
sectors, and it was hoped these trends would continue as
retailers, in particular, ''have weathered some difficult
months'', Mr Christie said.
''But these are positive indicators. We want them to continue
that trend ... It is a good thing for our city and long may