2023 Q3 Hospitality Sales Snapshot - Restaurant Association of New Zealand

The 2023 Q3 Hospitality Sales Snapshot provides top line statistics on the hospitality industry.

With data sourced from Statistics New Zealand and the Restaurant Association, the Q3 Report provides relevant data on the state of the hospitality industry.

Selected highlights:

- The third quarter of 2023 reported a growth rate of 4.2 per cent over the year previous, relatively subdued growth considering the cost increases the industry has been experiencing in key areas.
- Total sales for the industry over the 3rd quarter of 2023 were $3.86 billion, representing 4.2 per cent sales growth over the same quarter in 2022.
- Dollar value of sales for the restaurant and cafe sector over the 3rd quarter of 2023 was $1.89 billion.
- Regionally, revenue growth vs the previous year in West Coast (South Island) was highest for the 3rd quarter of 2023 (15.4 per cent). This was followed by Queenstown-Lakes at 8.3 per cent growth over the same period in 2022. The 2023 Q3 Hospitality...