Queenstown bids to be the first cab off the localism rank
Diversification is the key to protecting the local economy from future tourism downturns.
Peter Newport
Thu, 29 Nov 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
One word rather painfully describes Queenstown’s current economic model – extractive. Three million tourists arrive there each year and value is extracted from them courtesy of the surrounding lakes and mountains. The benefits tend to go to Wellington as GST and to a small number of big tourism
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Peter Newport
Thu, 29 Nov 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.