In New Zealand, Visitor Arrivals YoY measures the percentage change in the total number of overseas visitors whose intended length of stay is less than 12 months compared with the same period one year earlier. This indicator is used to assess tourism trends and can provide insight into the health of the travel sector and overall economic activity.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.