René de Monchy: Tourism NZ CEO on the increased spending by international tourists, focus on the luxury market

New Zealand's cementing itself as a premium tourism destination.  Market data from Grand View Research estimates our luxury travel market brought in more than $8 million last year and could double by 2033.  Luxury Travel specialist Southern Crossings says overseas couples on their honeymoon for instance, consistently spend about the equivalent of a Central Auckland house deposit.  Tourism New Zealand CEO René de Monchy told Heather du Plessis-Allan says we have amazing luxury offerings.  He says coming out of Covid, people are really valuing experiences and that translates into their behaviour.  “So people are saying after a few years locked up, that’s not a natural way to be. Travel is important, experiences are important, and they’re willing to spend the money to do it.”  LISTEN ABOVE See omnystudio.com/listener for privacy information.