11th May 2022 Hospitality / Spending
Seasonally adjusted debit and credit card spending rose by $551m or 7% to $8.1bn in April 2022 compared with the previous month, according to Stats NZ.
People’s plans to spend more on international travel over the next 3-6 months appear particularly strong.
Kiwis are planning to spend more on both domestic and international tourism in the 3-6 months ahead.
Plans to spend on domestic tourism and hospo have collapsed but international travel is on the rise.
Despite tourism spend up 16% the city’s events, hospitality and retail sectors still face challenges.
Regional tourism organisation areas around the country put in a mixed performance in December versus a year earlier.
Central Otago has come out on top of the list of 31 regions recording growth in total visitor spend for 2021, says Tourism Central Otago.
People have gone into their shells “like never before during the pandemic” with a possible wave of business failures to come.
Spending in the Taupō district jumped over the Christmas/New Year period, peaking at $17.5m in the week ending 3 January, an increase of 11.2% on the same period the previous year.
Spending in the hospitality and travel sectors in December 2021 fell despite card expenditure increasing elsewhere, according to new figures from Stats NZ.
Research from Westpac shows 51% of survey respondents are spending less on domestic holidays.
Large numbers of visitors are expected to descend on the Mount Maunganui, Pāpāmoa, and Tauranga region this weekend for high-profile events.
Electronic card transaction spending for November 2021 in the hospitality sector dropped 20.8% to $845m compared to the same month in 2020.
The introduction of Alert Level 3 Step 2 in Auckland helped lift card spending in the region.
Tourism and hospitality spending in October 2021 fell sharply compared to the same month a year ago as the Delta outbreak took a toll on consumer expenditure.
Almost all regional tourism organisation areas around the country saw weaker monthly domestic spending in September 2021 than a year.
Stormy weather and the short-term closure of the Queen Charlotte Track impacted September spending in Marlborough.
WellingtonNZ says it has seen a significant return on its advertising spend with the impact of its Love Local campaign a highlight.
The number of people planning to spend more on a domestic holiday in the next three to six months over the key summer period remains steady at 20% in October, according to former Bank of New Zealand chief economist Tony Alexander.
Consumer card spending is bouncing back to near pre-lockdown levels, according to a new Bank of New Zealand survey.
Domestic tourism picked up a decent chunk but it wasn’t the top category, according to a new survey.
The proportion of people who want to spend more on an upcoming holiday has dropped.
Northland business leaders are encouraging locals to spend more in the region given that it may take time for Aucklanders to return.
Accommodation spending was up 162.5% to $300m in the quarter to 30 June 2021 compared with the same quarter in 2020, according to Paymark data.
More household spending on entertainment closer to home cited.
Whakatāne reported $3m more was spent during the first quarter of 2021 compared to 2020.
Accommodation spending for the year to March 2021 fell to $3.41bn, down 25.5% on the previous 12 month period, says Stats NZ.
Success in Hawkes Bay comes despite cancellation of main tourism event of year.
Freedom to spend in 2021 versus lockdown life in 2020.
Electronic card transaction spending for March in the hospitality sector jumped 26.1% to $1.04bn compared to the same month in 2020, according to Stats NZ.
Smaller North Island regional centres proved resilient to the post-holiday domestic tourist exodus.