Oil price risk assessment tool for tourism businessesOil price risk assessment tool for tourism businesses

This tool allows New Zealand tourism businesses to assess their relative exposure to profitability risks associated with higher world oil prices.

Answer the questions below and a risk assessment will be performed for your business based on factors identified by our research that affect the exposure of New Zealand tourism businesses to higher oil prices.

This tool was developed by Covec in conjunction with LEaP as part of the Tourism and Oil research project funded by the Foundation for Research, Science and Technology.

For more information, please refer to the methodology document or contact Aaron Schiff.

Location

Please select the main location of your business:

Main Activity

Please select the main activity of your business:

Tourist Origin

Where do your customers come from?
New Zealand residents %
Australia %
North America %
Asia %
UK & Europe %
Other International %

Tourist Purpose of Visit

What percentage of your customers are travelling for business purposes?
Business %

Tourist Travel Style

What percentage of your customers are independent travellers (i.e. not part of an organised tour group)?
Independent travellers %

Remoteness of Your Business

How far is your business located from the 'main tourist route', consisting of the route between Auckland, Taupo/Rotorua, Wellington, Picton, Christchurch, Dunedin and Queenstown? For nationwide operators, estimate the average distance of your operations from this route.

Dependence on Oil and Gas

What percentage of the total costs of your business is comprised of expenditure on oil, petrol and diesel fuel, and natural gas?

Energy Substitution Options

How easy would it be for your business to use alternative (non-oil and gas) energy sources instead of oil, petrol, diesel and natural gas?

Competition

How many direct competitors do you have that provide similar services in the same region?