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Bayleys Research


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DUNEDIN

Dunedin’s economy has performed strongly in recent years bolstered by a growing population, the success of its education sector and a rapidly expanding tourism industry.

The last 12 months have witnessed further encouraging indicators for the City with the unemployment rate falling by 2% to 3.1%, a level lower than the national figure, and an increase in job vacancies.

Ongoing confidence in the retail sector is illustrated by escalating consumer spending which has resulted in a 6% increase in sales between March 2006 and March 2007 reaching $921 million.

The region’s tourism industry continues to expand driven by an increase in guest nights of 1.21% in March 2007 to 297,528 and an overall occupancy rate across the accommodation sector of 66.3% which is 16.7% higher than the national average.
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