web analytics
The Standard

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.

Recent Comments

Recent Posts

  • 90,000 cars reclassified in botched ACC ratings
    New figures obtained by Labour show the ACC Minister’s botched motor vehicle levy system has resulted in 90,000 vehicles having to be reclassified so far – at a cost of $6 million, Labour’s ACC spokesperson Sue Moroney says. “Nikki Kaye’s… ...
    2 hours ago
  • Brutal health cuts confirmed, crucial services suffer
    Chronic under-funding by National has seen the health budget slashed by $1.7 billion in just five years, Labour’s Health spokesperson Annette King says. A report by Infometrics, commissioned by Labour, shows health funding has been cut in four of the… ...
    18 hours ago
  • Meth ring under Serco’s nose
    The news that two Serco inmates have been arrested for helping to run a methamphetamine ring from prison should be the final straw and see their contract cancelled, says Labour’s Corrections Spokesperson Kelvin Davis. “National has stood by Serco despite… ...
    24 hours ago
  • Ministers failing women and their own targets
    New figures showing just five Ministers have met the Government’s own reduced targets for appointing women to state sector boards is evidence National is failing Kiwi women, Labour’s Women’s Affairs spokesperson Sue Moroney says. “The Ministry for Women’s 2015 Gender… ...
    24 hours ago
  • Charges up for some as funding up for grabs
    A proposal being considered by the Government would see some people having to pay more for health care and district health boards forced to fight amongst themselves to fund regional health services, Labour’s Health spokesperson Annette King says “Information leaked… ...
    1 day ago
  • Stop experimenting on kids
    The trouble with the Charter school model is that it is a publicly funded experiment on children. The National Government has consistently put its desire to open charter schools ahead of the safety of the children in them, ignoring repeated… ...
    GreensBy Catherine Delahunty MP
    2 days ago
  • Bank puts the squeeze on mid Canterbury farmers
    News that an unnamed bank in Ashburton has put a receiver on notice over financially vulnerable farmers will send a chill through rural New Zealand, says Labour’s Finance Spokesperson Grant Robertson. “The Government needs to work with  New Zealand’s banks… ...
    2 days ago
  • Key is trading away New Zealand land and homes
    John Key yesterday admitted what National dishonestly refused to confirm in Parliament last week – he is trading away New Zealand’s right to control who buys our homes and land, says Opposition leader Andrew Little. “The Prime Minister must now… ...
    2 days ago
  • Razor gang takes scalpel to health
    Plans by the Government to take a scalpel to democratically elected health boards are deceitful and underhand, coming just months after an election during which they were never signalled, Labour’s Health spokesperson Annette King says “Leaked documents reveals a radical… ...
    2 days ago
  • Spin lines show a department in chaos
    Corrections Spin Doctors sending their place holder lines to journalists instead of responding to serious allegations shows the scale of chaos at the department over the Serco scandal, says Labour’s Corrections Spokesperson Kelvin Davis. “As more and more serious allegations… ...
    4 days ago
  • Court ruling shows law should never have been passed
    A High Court ruling that a law banning prisoners from voting is inconsistent with a properly functioning democracy should be a wake-up call for the Government, Labour’s Justice spokesperson Jacinda Ardern says. In an unprecedented ruling Justice Paul Heath has… ...
    5 days ago
  • Judicial Review Gamble Pays Off for Problem Gambling Foundation
    Congratulations are due to the Problem Gambling Foundation (PGFNZ) who have won their legal case around how the Ministry of Health decided to award their contracts for problem gambling services to another service provider. Congratulations are due not just for… ...
    GreensBy Denise Roche MP
    5 days ago
  • Environmental Protection Agency appoints GE advocate as new CEO
    This week, the Environmental Protection Authority Amendment Bill passed its first reading in Parliament. The Bill puts protection of the environment into the core purpose of the Environmental Protection Authority. This month, Dr Allan Freeth, the former Chief Executive of… ...
    GreensBy Steffan Browning MP
    5 days ago
  • Charanpreet Dhaliwal death demands genuine health and safety reform
    The killing of a security guard on his first night on the job is exactly the kind of incident that National’s watered-down health and safety bill won’t prevent, says Te Atatu MP Phil Twyford. The coronial inquest into 22-year-old Charanpreet… ...
    5 days ago
  • Arbitrary sanctions hit children hardest
    Increasing numbers of single parents are being penalised under a regime that is overly focussed on sanctions rather than getting more people into work, Labour’s Social Development spokesperson Carmel Sepuloni says. “Figures, obtained through Parliamentary questions show 3000 more sanctions,… ...
    5 days ago
  • Hekia just won’t face the facts
    Hekia Parata’s decision to keep troubled Whangaruru Charter school open despite being presented with a catalogue of failure defies belief, goes against official advice and breaks a Government promise to close these schools if they were failing, says Labour’s Education… ...
    5 days ago
  • No more silent witnesses
    Yesterday I attended the launch of a new initiative developed by and for Asian, Middle eastern and African youth to support young people to name and get support if there is domestic violence at home. The impact on children of… ...
    GreensBy Jan Logie MP
    5 days ago
  • Single Use Plastic Bags campaign – Some wins and some green-washing
    As we near the end of Plastic Free July I’m nearing the conclusion of my Say No To Plastic Bag tour when I will have completed all 30 of my public meetings. The campaign was designed to work with community… ...
    GreensBy Denise Roche MP
    5 days ago
  • Single Use Plastic Bags campaign – Some wins and some green-washing
    As we near the end of Plastic Free July I’m nearing the conclusion of my Say No To Plastic Bag tour when I will have completed all 30 of my public meetings. The campaign was designed to work with community… ...
    GreensBy Denise Roche MP
    5 days ago
  • Minister must take responsibility for problem gambling debacle
    The Government’s handling of the Problem Gambling Foundation’s axing in a cost-cutting exercise has been ham-fisted and harmful to some of the most vulnerable people in society, Associate Health Labour spokesperson David Clark says.“Today’s court ruling overturning the axing of… ...
    6 days ago
  • Labour will not support TPP if it undermines NZ sovereignty
    The Labour Party will not support the Trans Pacific Partnership Agreement unless key protections for New Zealanders are met, Opposition leader Andrew Little says.“Labour supports free trade. However, we will not support a TPP agreement that undermines New Zealand’s sovereignty. ...
    6 days ago
  • Coleman can’t ignore latest warnings
    Resident doctors have advised that a severe staffing shortage at North Shore Hospital is putting patients’ lives at risk, Labour’s Health spokesperson Annette King says. “They say a mismatch between staffing levels and patient workloads at North Shore has… ...
    6 days ago
  • ACC must remove barriers to appeals
    The Government must prioritise removing barriers to justice for ACC claimants following a damning report by Acclaim Otago, Labour’s ACC spokesperson Sue Moroney says. “ACC Minister Nikki Kaye must urgently scrap her flawed plan to remove claimant’s right to redress… ...
    6 days ago
  • Six months’ paid parental leave back on the agenda
    Six months’ paid parental leave is back on the agenda and a step closer to reality for Kiwi parents after Labour’s new Member’s Bill was pulled from today’s ballot, the Bill’s sponsor and Labour MP Sue Moroney says. “My Bill… ...
    6 days ago
  • Sole parents at risk of having no income
    New requirements for sole parents to undertake a reapplication process after a year is likely to mean a large number will face benefit cancellations, but not because they have obtained work, Labour’s Social Development spokesperson Carmel Sepuloni says. “Increasing numbers… ...
    6 days ago
  • Juking the Welfare Stats Again
    Last week the government’s major initiative to combat child poverty (a paltry $25 increase) was exposed for what it is, a lie. The Government, through the Budget this year, claims to be engaging in the child poverty debate, but instead,… ...
    GreensBy Jan Logie MP
    6 days ago
  • OCR rate cut a result of flagging economy
    The Reserve Bank's decision to cut the Official Cash Rate to 3 per cent shows there is no encore for the so-called 'rock star' economy, says Labour's Finance Spokesperson Grant Robertson.   "Today's interest rate cut comes off the back… ...
    6 days ago
  • Reboot to an innovation economy, an Internet economy and a clean economy
    In my short 33 years on this planet we’ve seen phenomenal technological, economic and social change, and it’s realistic to expect the next 33 will see even more, even faster change. You can see it in the non-descript warehouse near… ...
    GreensBy Gareth Hughes MP
    7 days ago
  • Bill that puts the environment into the EPA passes first hurdle
    A Bill that puts the environment squarely into legislation governing the Environmental Protection Authority passed its first reading today, says Meka Whaitiri.  “I introduced this member’s bill as the current law doesn’t actually make protecting the environment a goal of… ...
    7 days ago
  • Key’s KiwiSaver deception exposed
    KiwiSaver statistics released today expose John Key's claim that the cutting of the kickstart payment "will not make a blind bit of difference to the number of people who join KiwiSaver” to be duplicitous, says Labour Finance Spokesperson Grant Robertson.  “Official… ...
    7 days ago
  • Minimum Wage Amendment Bill to protect contractors
    All New Zealanders should be treated fairly at work. Currently, the law allows non-employment relationships to be used to get around the minimum wage. This is unfair, says Labour MP David Parker. “The Minimum Wage (Contractor Remuneration) Amendment Bill, a… ...
    7 days ago
  • Bill raises bar to protect Kiwi farmland
    The Government’s rubber-stamping of every one of the nearly 400 applications from overseas investors to buy New Zealand farm land over the last three years proves tougher laws are needed, Labour MP Phil Goff says. “In the last term of… ...
    1 week ago
  • Costly flag referendum should be dumped
    John Key must ditch the flag referendum before any more taxpayer money is wasted, Opposition Leader Andrew Little says. “Millions of dollars could be saved if the Prime Minister called a halt to this hugely expensive, and highly unpopular, vanity… ...
    1 week ago
  • Nats letting Serco off scot free
    Government members have prevented Parliament’s Law and Order select committee from getting answers out of a senior Serco director about the fight clubs being run at Mt Eden prisons, says Labour’s Corrections Spokesperson Kelvin Davis. “At today’s Law and Order… ...
    1 week ago
  • Charter school experiment turns into shambles
    The National Government’s charter school experiment has descended into chaos and it’s time for Hekia Parata to stop trying to cover up the full extent of the problems, Labour’s Education spokesperson Chris Hipkins says. “The Education Minister must release all… ...
    1 week ago
  • Disconnect between rates and income must be fixed
    Local Government New Zealand’s 10 Point Plan is a chance to stop the widening chasm between the rates some households are charged and their ability to pay, Labour’s Local Government spokesperson Su’a William Sio says. “There is a huge disconnect… ...
    1 week ago
  • Parole and ‘surviving the first year’
    “Intensive psychological treatment and early release to parole is far more effective at reducing reoffending among high risk prisoners than serving out the full prison sentence.” That’s reportedly the finding of Surviving the First Year, a recently-released study into Corrections’… ...
    GreensBy David Clendon MP
    1 week ago
  • Parole and ‘surviving the first year’
    “Intensive psychological treatment and early release to parole is far more effective at reducing reoffending among high risk prisoners than serving out the full prison sentence.” That’s reportedly the finding of Surviving the First Year, a recently-released study into Corrections’… ...
    GreensBy David Clendon MP
    1 week ago
  • If it’s good enough for Lake Taupō…
    Nick Smith supports helping farmers transition away from dairying and agrees we must set nitrogen caps that limit the number of animals on farms. He says this strategy is “world leading”. However we need action and pressure from him, on to… ...
    GreensBy Catherine Delahunty MP
    1 week ago
  • The importance of swamp kauri for climate research
    As early as 2010, international climate scientists were expressing concern at the rate of ancient swamp kauri extraction in Northland. Swamp kauri provides one of the best sources in the world for measuring climate fluctuations over the last 30,000 years.… ...
    GreensBy Eugenie Sage MP
    1 week ago
  • Govt needs to heed warnings on med students
    The Government is being urged to act on advice it has received about the negative impact its seven year study cap will have on hundreds of medical students, Labour’s Health spokesperson Annette King says. “The 7EFTS lifetime limit unfairly disadvantages… ...
    1 week ago
  • Ministers at sea over overseas buyers register
    The Prime Minister and three of his ministers are at odds over the collection of information about offshore speculators buying our houses and seem to be making things up as they go, Labour’s Housing spokesperson Phil Twyford says. “John Key… ...
    1 week ago
  • Time for Key to ditch the King Canute routine
    With the economic mood in New Zealand souring, it is time for John Key to admit reality and drop the King Canute approach, says Labour’s Finance spokesperson Grant Robertson.  “John Key is claiming that 95 per cent of the economy… ...
    1 week ago
  • Botched contract leads to charter school rort
    A botched Government contract has allowed an Auckland charter school to double dip by getting funding for students it has accommodated for free, Labour’s Education spokesperson Chris Hipkins says. “Information received by Labour through written Parliamentary questions show the Ministry… ...
    1 week ago
  • Flawed system costs $3 million and counting
    New figures obtained* by Labour show the Government’s shambolic ACC car registration levy system has cost more than $3 million to implement and the costs are set to escalate, Labour's ACC spokesperson Sue Moroney says. “That’s $3 million that could… ...
    1 week ago
  • Radio NZ facing death by 1000 cuts
    The National Government’s seven year funding freeze on Radio New Zealand has put its vital public broadcasting services in serious jeopardy, Labour’s Broadcasting spokesperson Clare Curran says. "The axing of 20 jobs at our only publicly funded broadcaster shows the… ...
    1 week ago
  • Trades funding cut short-sighted
      Short-sighted funding cuts could lead to fewer school students learning trades, Labour’s Education spokesperson Chris Hipkins says. "Schools are now being financially penalised for enrolling students in trades academies. They could lose teachers and school management positions as a… ...
    1 week ago
  • The rock star economy is well out of tune
    The bad news is mounting for the economy with job ads falling in June, suggesting employment is taking a hit, says Labour’s Finance spokesperson Grant Robertson. “ANZs Job Ads data shows job advertising fell 0.6 per cent in June and is… ...
    2 weeks ago
  • Treasury latest to withhold Saudi sheep scandal information
    The Labour Party will today lodge a complaint with the Ombudsman after the Treasury became the latest government department to withhold information on the Saudi sheep scandal. Labour’s Trade and Export Growth spokesperson David Parker says the Government has been… ...
    2 weeks ago
  • Calls to extend life-saving training
    The Government must ensure all health sector workers are not only be trained to routinely check for medical identification bracelets but have access to critical online patient information, Labour’s Health spokesperson Annette King says. “The tragic death of an 80-year-old… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere