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Motels, Hostels and Holiday Parks in New Zealand - Market Research Report (2014-2029)

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    Report

  • 64 Pages
  • October 2024
  • Region: New Zealand
  • IBISWorld
  • ID: 4578039

Shoestring Budget: Revenue and Profit Have Declined Significantly During the COVID-19 Pandemic

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.

The Motels, Hostels and Holiday Parks industry faced heavy restrictions on demand during the COVID-19 pandemic. From March 2020 to June 2022, the Central Government (Te Kawanatanga o Aotearoa) closed New Zealand's international border, causing a collapse in overseas visitors to New Zealand. Intermittent nationwide and city-wide lockdowns also disrupted demand. Overall, revenue has declined by an annualised 1.1% to an estimated $2.5 billion over the past five years. Nonetheless, high levels of government stimulus, increased household discretionary incomes and restrictions on outbound travel, caused higher than usual demand from domestic tourists. These trends protected the industry from the worst effects of the pandemic and have helped engineer a strong recovery - including an anticipated 21.5% revenue increase - as restrictions have eased.

Industry players operate a range of accommodation options including motels, hostels, holiday parks and serviced apartments. Industry establishments provide accommodation on a room or suite basis. Some industry players also provide other services, such as food and beverage sales, laundry facilities and transport arrangements.

Table of Contents

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
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Methodology

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