A consortium led by Shell is to drill an exploration well costing up to $70 million offshore of Taranki: If successful the Ruru prospect could extend the life of the ageing Maui field. Shell Todd Oil Services said yesterday that the Noble Discoverer drilling ship was on its way from Singapore to drill the exploration well. The prospect is on the Southern reaches of the Maui exploration licence, straddling another licence held by the same owners. It sits about 15 kilometres from both the existing Maui platforms in 100 metres of water around 40km from the Taranaki coast.  The exploration and the injection of capital of this magnitude must be exciting, helping to secure for the future of business's in the Taranaki province.

The Taranaki region produced 19.6 million barrels of oil in 2009 & 180 petajoules of gas, according to the Petroleum Exploration and Production Association of New Zealand.

Now is the time to enquire about motels McCrae Real Estate have listed in the Taranaki province.

Tourism Industry Association New Figures show spending by international and domestic tourists increased 2.1% to $22.42 billion for the year ending 31st March 2010. Spending by foreign tourist rose1.6% to NZ$9.54 billion,with domestic tourist spending increasing 2.1% to NZ $12.54 billion

          These figures look good,now is the time to enter the motel industry,Summer holidays,World Rugby Cup next year.Tourists travelling New Zealand lets be part of it.

        Click to McCrae Real Estate Ltd properties For Sale Leaseholds & Freehold Going Concern. Larger or smaller motels available enquire today.

Prime Minister Mr John Key Announces a rise of $30 million funding for Tourism New Zealand. This gives Tourism New Zealand a total funding from the New Zealand Government of $99 million for the 2010-2011 year. Tourism New Zealand has told the Government it's aiming to attract an additional 400,000 visitors per year, mainly from Australia, the United States, China & Germany over three years. With the average visitor spending more than $2,500 per visit.  This is great news for people in the hospitality trade.

Manawatu Region Visitor Nights: The Palmerston North City Council reports that year ending February 2010 the region recorded nearly 1.8 million visitors to the Manawatu region, a rise of 11 percent on the year before.

Visitor nights have increased now is the time to purchase a motel in Palmerston North view the motels listed with McCrae Real Estate Ltd.

International Visitor Arrivals;2,482,300 up 57,236 or 2.4% on the previous year.

Purpose of Visit:

Holiday 1,198,055 up 3.3%, Visit Friends & Relatives 792,153 up 6.6%, Business 234,757 down 5%.   Average intended length of stay 20.4 days.

International Expenditure Year Ending Dec 2009

$6.187 billion up $240 million or 4% on the previous year.

Average expenditure per person per day $122

Average expenditure per person per trip $2,783

Kupe project to supply gas for 20 years: Prime Minister John Key officially opens $1.3 billion Kupe Gas Project in Taranaki. The gas produced from the field, will meet about 15 percent of New Zealand's annual gas demand & 50 per cent of LPG demand, for the next 15 to 20 years.  This must create greater demand for accommodation from guests visiting or working in the Oil or Gas industries within the Taranaki district.

Enquire about Taranaki motels listed with McCrae Real Estate

Nationally Hotel, Motel, & Holiday Parks guests numbers in January 2010 were up 4.4 per cent on the same month last year. Boosted especially by international travellers. Eleven of the 12 regions recorded more guests nights in January than a year earlier. According to Statistic N.Z. . More foreign tourists are now travelling by themselves rather than on coach tours.

  Palmerston North is one of New Zealand's top 10 tourist destinations for the second year running. The top 20 tourist destinations in New Zealand were collated by Wotif.com with Palmerston North rated tenth based on accommodation using the popular website.

MANZ Conference 2009 "Get More Sauvy" Marlborough Convention Centre Blenheim. From the 23rd / 26th July Malcolm & Glenys McCrae attended the annual MANZ conference. The conference was well attended by moteliers along with trade exhibitor's. Guests speakers were of the usual very high standard. Michael Baines (CEO) showed the conference the new official MANZ Logo. The Logo was well received by those in attendance. MANZ have allowed a two year period for members to bring the new branding into full effect.