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SBD Global/June 17, 2014/Finance

Auckland Nines Rugby Tournament Gives City's Economy $7.8 Million Boost

The Auckland Nines rugby league tournament "has given the city's economy a boost" of more than NZ$9M ($7.8M), according to Niko Kloeten of STUFF. The estimated NZ$9.35M GDP increase "was well ahead of Auckland Council forecasts" for NZ$3.8M from this year's inaugural tournament, which it expected to rise to NZ$6.8M by year five. The figure was made up of NZ$6.1M spent by domestic visitors during the two-day tournament in February, and NZ$3.24M "of new money that came into the New Zealand economy from overseas." It "did not include any money spent by Aucklanders." The tournament, won by the North Queensland Cowboys, "generated an estimated 68,360 visitor nights, more than twice the forecast of 32,877." And the average crowds of 45,000 a day at Eden Park (90,000 total) "beat forecasts by nearly 9000 a day" (STUFF, 6/16).
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