World Cup's $500m boost for Auckland

NZ Newswire May 25, 2012, 5:01 pm

Auckland's restaurants, bars and hotels were not the only businesses to benefit from the Rugby World Cup, an economic report has found.

The report, to go to Auckland Council on May 31, says the country's biggest city benefited from an estimated $512 million net additional expenditure between 2006 and 2012 as a result of the Rugby World Cup.

The Market Economics analysis for the city's tourism, events and economic development arm says property and business services were the biggest winners, with $202m of economic growth in the period.

"Major events should be key drivers of economic growth and RWC 2011 certainly delivered for Auckland," Mayor Len Brown said.

The event was also credited with generating the equivalent of 14,000 year-long jobs, the city's economic development general manager Rachael Dacy says.

"This is a hugely significant outcome in a difficult economic climate.

"These results should dispel the myth that only businesses that benefited from RWC 2011 were bars, restaurants and hotels in the CBD," Ms Dacy said.

The report also shows the council's RWC programme came in under budget.

Top 10 growth sectors from RWC in Auckland:

1. Property and business services - $202m

2. Construction - $109m

3. Manufacturing - $87m

4. Accommodation, cafes, restaurants - $71m

5. Transport and storage - $69m

6. Retail trade - $69m

7. Wholesale trade - $66m

8. Finance and insurance - $57m

9. Cultural and recreational services - $53m

10.Communications services - $28m.

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