Tourism in New Zealand - Industry Market Research Report
Tourism in New Zealand
Tourism is bouncing back in New Zealand, following the steep downturn caused by the COVID-19 pandemic. All sections of the industry suffered from a collapse in total tourist days in New Zealand. Businesses reliant on international tourism were acutely affected, following the closure of New Zealand's international border from March 2020 to June 2022. Most businesses were forced to shift focus to domestic tourists, which were restricted from outbound travel and more likely to holiday domestically. High levels of government stimulus generated a sharp rise in real household discretionary income, which further bolstered demand from New Zealand households. Yet, intermittent lockdowns disrupted domestic demand over the period, further constraining the performance of tourism businesses in New Zealand. Industry revenue is anticipated to fall at an annualised 2.0% over the five years through 2023-24, to $43.1 billion. Yet, as restrictions have eased, revenue has quickly rebounded, including an expected surge of 35.3% in 2023-24, as international tourists return to New Zealand.
Industry players provide tourism services for local and foreign travellers on short-term trips of less than one year. This includes people travelling for work, leisure or personal reasons. The industry’s services are broad, encompassing transport, accommodation, hospitality, recreation and retail services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
ABOUT THIS INDUSTRY
Industry Definition Main Activities Similar Industries Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain Products & Services Demand Determinants Major Markets International Trade Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance