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Board Meeting and Tourism Sector Update
Jul 11, 2024
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Board Meeting and Tourism Sector Update
Attendees and Apologies
Hazel absent.
Jim had to leave at 1:30 PM for another meeting.
Susan and Lou moved the motion to include apologies.
No disclosures of members' interests.
Confirmation of Minutes
Minutes from previous meeting (18 February) confirmed with minor amendments.
Marcus moved the minutes, Bruce seconded. All in favor.
Tourism Sector Update by Jason
Sector Overview
Significant growth in the Waipa District for tourism before COVID-19.
Discussed the impact of COVID-19 on tourism.
Data and Insights
Immediate drop in international visitors post lockdown.
Domestic card transactions and expenditure data reviewed.
COVID-19 Implications
Loss of international tourists significantly affected the tourism industry.
Job losses and business closures in tourism-related sectors.
Seasonal closures and adaptation strategies.
Shovel-ready projects to reactivate the sector post-COVID.
Response and Recovery
Response: Business and community support, redeployment of workers, virtual briefings, webinars.
Restart: Domestic and regional travel focus, marketing campaigns, support for local businesses.
Reimagine: Long-term transformation of tourism with a focus on sustainability and local benefits.
Airline and Event Updates
Limited connectivity and phased airline restarts.
Events like Field Days going virtual, others postponed.
Potentially up to five years for full tourism recovery.
Questions and Responses
Lou acknowledged the impact on international tourist reliance.
Claire highlighted the importance of regional major event strategy and inter-agency cooperation.
Hamilton Airport Update by Mark
COVID-19 Impact on Business
Significant drop in aeronautical income and terminal use.
Hotel operations halted but used by Ministry of Health temporarily.
Reduced staff activity and comprehensive cost reductions.
Strategic Planning and Scenarios
Extremely cautious financial forecasting for recovery phases.
Continued property sales and development plans to secure cash flow.
Airport Projects
Shovel-Ready
projects submitted for government funding (terminal upgrade and infrastructure upgrades).
Maintenance of key assets and partnerships with airlines for recovery.
Financial Overview
Scott highlighted the impacts on financials, debt facilities, and land sales.
Support from local and central governments critical for recovery.
Questions and Responses
Queries on pilot training resumption, impacts on cargo operations, and long-term financial strategy.
Waikato LASS Update by Kelvin and Peter
Organizational Direction
Transformation role emphasizing efficiency and effectiveness for councils.
Focus on bolder, more ambitious projects at a faster pace.
Strategic Projects
Importance of inter-council cooperation for resource optimization and effectiveness.
Key projects to drive efficiency and enhance council operations post-COVID-19.
COVID-19 Adaptations
Continued importance of core projects during recovery phases.
Leveraging additional council resources for advancing strategic initiatives.
Questions and Responses
Emphasis on ongoing project monitoring and adaptiveness to council needs.
Ensuring sufficient resources despite COVID-19 constraints.
LGFA Update by Andrew
Financial Overview
LGFA providing low-interest borrowing options to councils.
Government support and Reserve Bank’s bond buy-back program critical in maintaining liquidity.
COVID-19 Impact and Response
Increased borrowing requests from councils anticipating revenue losses.
Preparedness to assist councils in coping with financial strains and maintaining capital projects.
Future Plans
Introduction of green financial products to support environmentally focused projects.
Continued engagement with councils to ensure financial stability and recovery.
Questions and Responses
Clarification on shareholder equity, green financing initiatives, and inter-council financial support.
Conclusion
Predominantly positive reception of various updates and strategic initiatives moving forward post-COVID-19.
Clear emphasis on recovery, sustainability, and future readiness.
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