21st February 2024 Recovery / WestpacThe bank says the Chinese visitor market is flagging, leading to a more protracted recovery in New Zealand.
14th December 2023 WestpacKiwis are planning to spend less on holiday accommodation and dining out this summer, says Westpac.
31st October 2023 Recovery / WestpacThe sector is “a ray of sunshine” in difficult economic times, says the bank.
11th October 2023 Economy / WestpacOtago and Auckland in particular are benefitting from the recovery in international travel.
10th August 2023 Economy / WestpacTourism is one of the bright spots for New Zealand’s economy in an otherwise muted environment, says Westpac.
21st July 2023 Innovation / WestpacThe bank says consolidation through M&A or JVs will help the industry transform and adapt to a new technological era.
18th May 2023 Arrivals / WestpacWestpac economists are forecasting a continued rebound in tourism and hospitality, but the pace has slowed down.
23rd February 2023 Weather / WestpacWestpac is increasing its support to $4m for businesses and communities affected by Cyclone Gabrielle and the flooding events.
14th February 2023 Weather / WestpacWestpac has extended relief options for customers affected by damage caused by Cyclone Gabrielle.
3rd February 2023 WestpacWestpac New Zealand has launched a $1m fund to help its small business customers impacted by the floods in the upper North Island.
14th December 2022 WestpacRegions with strong international tourist appeal and food-producing industries should fare best in 2023 as the economy slows, says the bank.
15th November 2022 Recovery / WestpacBut the bank warns a new Covid wave, the cost of living crisis, and China uncertainty could drag growth.
16th August 2022 Recovery / Westpac“Now that our borders are open, tourists are flocking in, regardless of the state of the global economy,” says the bank.
17th June 2022 Recovery / WestpacWhich regions will benefit most from the increase in tourist spending?
17th May 2022 Data / WestpacThe Chinese are yet to return but arrivals from other countries are on the move.
27th January 2022 Data / WestpacEconomic confidence in the Otago region jumped 10 points over the December quarter, according to the latest Westpac McDermott Miller Regional Economic Confidence report.
15th December 2021 Economy / WestpacTourism-dependent Otago has suffered from Auckland’s lockdown.
21st September 2021 Survey / WestpacTourism and hospitality dependent regions reported falling confidence in the latest Westpac McDermott Miller Consumer Confidence Survey.
