web analytics
The Standard
Advertising

The convention economy

Written By: - Date published: 9:36 am, July 29th, 2013 - 14 comments
Categories: tourism - Tags:

You know it by now, Key, English, and Joyce have said it often enough – National’s formula for the economy is more mining, selling assets, and convention centres. We’re actually making less money from mining now than 5 years ago. Asset sales have been a predictable failure. But we’ve got 3 new convention centres coming – SkyCity, Christchurch, Queenstown – that’ll bring in the international revenue and turn around the collapse in international tourism revenue that Tourism Minister Key has presided over, eh? Nah.

See, the international convention market is shrinking.

There’s a body that collects stats on international conventions – it’s an imperfect art, there’s an artificial upward bias in the numbers because they find out about new convention centres all the time. And despite that upward bias, the numbers are flat or falling:

2002 6,155
2003 6,405
2004 7,642
2005 8,121
2006 8,745
2007 9,536
2008 10,149
2009 10,346
2010 10,406
2011 10,070

And our grand plan is to build 3 more bloody convention centres to this stalled market that already has surplus capacity. Oh, and we’re going to build them in New Zealand – because convention organisers are just so excited to add an extra grand to each of their attendees’ flight costs.

Maybe, just maybe National’s gimmicks aren’t the key to a healthy economy. Maybe the key to a healthy economy is a lower dollar, affordable, quality housing rather than a housing bubble funded by overseas debt, fairly priced electricity, and sustainable transport projects that we actually need rather than roads to nowhere…..

14 comments on “The convention economy”

  1. tracey 1

    It seens this is what voters want… or have been convinced its what they want

  2. BM 2

    All tourism growth will be coming via China, as you probably know.

    Shame you chaps are willing to jeopardize that in your lust for power.

    • fender 2.1

      Can’t see the bit where it says Chinese conventions have not been catered for, or where future ones won’t be.

      How does having doubts about conventions bringing great prosperity = lust for power?

    • Galeandra 2.2

      Address the point, try not to be a total twat. How is a casino-cum- convention centre going to stack up as an investment on weak international demand, especially when you add the on-going costs in the details of the ‘deal’ ?
      This smacks of the prestige projects (hotels, convention centres, super highways etc) that afflicted so many third-world nations back in the 60’s – maybe they had the sort of petty egotists ruling them that we are afflicted with today.

    • tricledrown 2.3

      blinkered monetarist The increasing price of fuel and the continual slow down in the Chinese economy makes your assumption a load of crock!
      Don,t forget the yuan is coming out of control by the state under their new leader who is more right wing on economic policies!
      As well the subprime mortgage’s market in china is being reigned in which will slow their economy a lot more!

    • millsy 2.4

      So youll be waving your little Chinese flag when the PLA troops march up Queen St then?

      Holding your portrait of Deng “To get rich is glorious” Xiaoping?

      Just remember what they do to collaborators, thats all. I hear that some pretty brutal things happened in France in 1944…

  3. Lanthanide 3

    “because convention organisers are just so excited to add an extra grand to each of their attendees’ flight costs.”

    More like $2-3 grand for return flights, and generally 2 extra days travel time total.

  4. Rosetinted 4

    There should be a nicely engraved or carved plaque giving due honour to the name of John Key for being responsible for obtaining this useful attractive semi- public edifice.

  5. Well they can and will be used as impromptu prison camps when is all goes to shite! Did it in Chile with football stadions and in New Orleans with Katrina.

    The one in Hamilton has 50 toilet blocks throughout the center while only the ground floor is in use for the odd convention. God knows where the money came from to build that monstrosity and did I mention there is now a fence around the Rugby field from Wall to wall conveniently connecting the field (Which is never used from what I can see) with the center?

    But I’m sure that is just me being a conspiracy theorist. Governments don’t do that to their own citizens after all.

  6. bad12 7

    Totally agree with all you post,except,(yawn, except, here he goes again), the bit about the ‘housing bubble, assuming here you are talking about Labour’s Kiwibuild,

    Dave’s,(the incumbent),announcement will take a small % of the heat from the ‘bubble’, but, depending on what you consider the Kiwibuild can actually deliver in the way of actual cost per house the % of the heat in the ‘bubble’ that is removed is debatable,

    i would pick that in Auckland the cost of such a build will come in at 350-400 thousand a home, while that will somewhat stall the ‘bubble’, my view is that ‘stall’ will only be temporary,

    Labour is talking here of putting people, in the main, with middle class incomes onto the ‘property ladder’,once on that property ladder these people will in 5 years time have the equity in their Kiwibuild property which will allow them to seek a second property as rental income,

    Not all those who gain the fortune of a Kiwibuild property will do this just as not all ‘middle class’ people own rental property, but, enough of them will which will simply ensure that Auckland house prices remain over-inflated,

    PS, Labours Kiwibuild as as i can ascertain will rely upon those so blessed funding the buying of these houses on what???, dare i suggest foreign debt…

  7. Wayne (a different one) 8

    [deleted]

    [lprent: Speculating on the in real life names of identities is not allowed. Especially since the morons doing it are usually wrong because they are quoting that liar of the record – whaleoil.

    Banned for three weeks, one for speculating on an identity, a second for trying to do it on an author, and a third because you clearly need to have time to read the policy. I’m not sure that two weeks will be enough and I don’t envisage that you can keep your finger away from your worm-ridden arse long enough to look up the long words. ]

    • bad12 8.1

      LOLZ, a spanking well deserved, i just put up a comment about Wayne being an inmate of a 1800’s psychiatric patient which i had time to delete seeing it got what it was asking for,

      No need to wreck the post by leaving it there…

  8. millsy 9

    I really think that New Zealand can do much much better than earning minimum wage, waiting on fat, lazy wealthy tourists hand and foot, while they continually bitch about how surly we are because we dont take any crap from people just because they have more money than we do.

Important links

Recent Comments

Recent Posts

  • Supreme Court decision an early Christmas present
    Women on low pay in New Zealand have been given an early Christmas present with yesterday’s decision by  the Supreme Court not to intervene in a decision of the Court of Appeal, says Labour's Spokesperson for Women's Affairs, Sue Moroney. … ...
    1 hour ago
  • Dunedin Hospital needs more than drip feed
    An ongoing and embarrassing pattern of major building leaks and equipment failures at Dunedin Public Hospital has been revealed in papers released under the Official Information Act, Dunedin North MP David Clark says. “Documents released under the Official Information Act… ...
    1 day ago
  • Dunedin Hospital needs more than drip feed
    An ongoing and embarrassing pattern of major building leaks and equipment failures at Dunedin Public Hospital has been revealed in papers released under the Official Information Act, Dunedin North MP David Clark says. “Documents released under the Official Information Act… ...
    1 day ago
  • 17 too young for teens to be shown the door
    Laws which see young people under the care of CYFS abandoned once they turn 17 will mean at least a dozen young Kiwis will be left to fend for themselves over the December festive season, Labour’s Children’s spokesperson Jacinda  Ardern… ...
    1 day ago
  • 17 too young for teens to be shown the door
    Laws which see young people under the care of CYFS abandoned once they turn 17 will mean at least a dozen young Kiwis will be left to fend for themselves over the December festive season, Labour’s Children’s spokesperson Jacinda  Ardern… ...
    1 day ago
  • National’s albatross, taxpayers’ curse
    Government consideration of further corporate welfare hand-outs to SkyCity for its convention centre shows just how weak the original contract was, Labour’s Economic Development spokesperson David Clark says. “Taxpayers will be appalled to hear that on top of the humiliating… ...
    1 day ago
  • Recognizing Palestine: The European Parliament Votes
    Last week I wrote a blog drawing attention to Sweden’s formal recognition of the state of Palestine (the second Western state to do so after Iceland).  That move has created ripples throughout the international community. In recent months the parliaments… ...
    GreensBy Kennedy Graham MP
    4 days ago
  • Recognizing Palestine: The European Parliament Votes
    Last week I wrote a blog drawing attention to Sweden’s formal recognition of the state of Palestine (the second Western state to do so after Iceland).  That move has created ripples throughout the international community. In recent months the parliaments… ...
    GreensBy Kennedy Graham MP
    4 days ago
  • Recognizing Palestine: The European Parliament Votes
    Last week I wrote a blog drawing attention to Sweden’s formal recognition of the state of Palestine (the second Western state to do so after Iceland).  That move has created ripples throughout the international community. In recent months the parliaments… ...
    GreensBy Kennedy Graham MP
    4 days ago
  • Minister has work to do over Xmas
    Red flags raised in a multi-agency review into how Phillip Smith was able to flee the country highlight the inadequacies of those very same agencies not having red flags in place that would have notified them of his plans, says… ...
    4 days ago
  • Minister has work to do over Xmas
    Red flags raised in a multi-agency review into how Phillip Smith was able to flee the country highlight the inadequacies of those very same agencies not having red flags in place that would have notified them of his plans, says… ...
    4 days ago
  • Minister has work to do over Xmas
    Red flags raised in a multi-agency review into how Phillip Smith was able to flee the country highlight the inadequacies of those very same agencies not having red flags in place that would have notified them of his plans, says… ...
    4 days ago
  • Gerry Brownlee’s revolving airport door story
    A new report shows Gerry Brownlee is the latest Cabinet Minister to have contracted the infectious tell-porkies-until-you-are-caught disease, Labour’s Chief Whip Chris Hipkins says. “A Civil Aviation Report out today shows that despite being an extremely recognisable figure, Gerry Brownlee… ...
    4 days ago
  • Gerry Brownlee’s revolving airport door story
    A new report shows Gerry Brownlee is the latest Cabinet Minister to have contracted the infectious tell-porkies-until-you-are-caught disease, Labour’s Chief Whip Chris Hipkins says. “A Civil Aviation Report out today shows that despite being an extremely recognisable figure, Gerry Brownlee… ...
    4 days ago
  • Govt spend on transport out of step with reality
    The National Government is planning to allocate ever increasing amounts of taxpayer funding to build expensive new motorways despite record numbers of New Zealanders flocking to buses and trains, said the Green Party. The Government released its Government Policy Statement… ...
    GreensBy Julie Anne Genter MP
    5 days ago
  • Govt spend on transport out of step with reality
    The National Government is planning to allocate ever increasing amounts of taxpayer funding to build expensive new motorways despite record numbers of New Zealanders flocking to buses and trains, said the Green Party. The Government released its Government Policy Statement… ...
    GreensBy Julie Anne Genter MP
    5 days ago
  • Solar homes stymied by Govt inaction
    Government inaction is allowing the big power companies to discourage the nascent solar power sector, the Green Party said today. Green Party MP Gareth Hughes launched a petition today calling on the Government to empower the Electricity Authority to act… ...
    GreensBy Gareth Hughes MP
    5 days ago
  • Foreign buyers for iconic island must add value
    Labour will look very closely at any Overseas Investment Office application to purchase Pakatoa Island if it is not bought by a Kiwi, says Labour’s Land information Spokesperson Stuart Nash. “Pakatoa is an iconic island in the middle of Hauraki… ...
    5 days ago
  • Way opening for April Sun in Cuba
    The United States of America’s President’s historic announcement yesterday to restore diplomatic ties with Cuba should be applauded by the New Zealand Government. The announcement marks a turning point in more than five decades of hostility between the two countries… ...
    GreensBy Kennedy Graham MP
    5 days ago
  • Minister ducking for cover over ‘Diplomat Case’
    Apparently the Ministerial Inquiry into what now seems to be being referred to as ‘The Diplomat Case’ ( I have a few other names for it) has been completed and is in front of Foreign Affairs Minister McCully. Initial Reports seem to… ...
    GreensBy Jan Logie MP
    5 days ago
  • Energy users need answers on Vector share plans
    Energy Minister Simon Bridges needs to stop ducking for cover about whether or not the Government will support plans to nationalise and then privatise $2.1 billion of shares in the Auckland Electricity Consumer Trust, Labour's Energy spokesperson Stuart Nash says. “It… ...
    6 days ago
  • Biosecurity it’s everyone’s responsibility
    Biosecurity costs New Zealand millions of dollars in attempting pest eradication and much more in ongoing management of pests in farming, horticulture, beekeeping and conservation, as well as in our own backyards and recreation areas. More work must happen at… ...
    GreensBy Steffan Browning MP
    6 days ago
  • Is the Health Minister accountable to the public? He doesn’t seem to thin...
    Lately I’ve been involved in a sort of farcical standoff with the Health Minister, who seems to be under the illusion that I have no right to ask questions about conflicts involving Health Promotion Agency Board member Katherine Rich, and… ...
    GreensBy Kevin Hague MP
    7 days ago
  • Irresponsible tax cuts lead to seventh successive deficit
    National's borrowing to pay for cutting the top tax rate was irresponsible and will likely lead to a seventh successive deficit, the Green Party said today. Treasury have forecast a $572 million deficit this year in its Half Year Economic… ...
    GreensBy Russel Norman MP
    7 days ago
  • Heartfelt sympathy for Sydneysiders
    The Labour Party has offered its heartfelt sympathy to the people of Sydney after the hostage situation in the city, says Labour’s Acting leader Grant Robertson.  “Our thoughts are with all those who went through this horrific and traumatic experience. ...
    1 week ago
  • Farewell at Phillipstown
    Last Wednesday, I attended the farewell for Tony Simpson, Principal of Phillipstown School. It was a very emotional event where many of us in the large crowd shed tears. Bagpipes and tiny tamariki performing kapahaka brought the house down and… ...
    GreensBy Catherine Delahunty MP
    1 week ago
  • The CIA Torture Report
    Earlier this week, the United States Select Committee on Intelligence released the Committee Study of the Central Intelligence Agency’s Detention and Interrogation Program.  The report, which was five years in the making, looked into the CIA’s interrogation techniques from 2001… ...
    GreensBy Kennedy Graham MP
    1 week ago
  • Haere Rā 2014
    We’ve almost reached the end of the Parliamentary year so I wanted to take a moment to reflect on some of my highlights of the term in this blog post. It’s been an absolutely hectic year juggling an election campaign… ...
    GreensBy Gareth Hughes MP
    2 weeks ago
  • Labour applauds High Court decision on Ruataniwha
    Today’s decision by the High Court on the Ruataniwha scheme is a victory for NewZealand’s environmental groups, says Labour’s Conservation spokesperson RuthDyson. ...
    2 weeks ago
  • A welfare system for the 21st Century
    Today Child Poverty Action Group released a background paper on ‘The complexities of ‘relationship’ in the welfare system and the consequences for children.‘ The report includes 16 recommendations to modernise our welfare system which is no longer fit for the… ...
    GreensBy Jan Logie MP
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere