2024 Restaurant Association Hospitality Report - Restaurant Association of New Zealand

The 2024 Hospitality Report provides top line statistics on the hospitality industry.

With data sourced from Statistics New Zealand and the Restaurant Association, the 2024 Hospitality Report provides relevant data on the state of the hospitality industry.

Selected highlights:

- Annual sales for the year ended March 2024 reached $15.7 billion, reflecting national sales growth of 5.8 per cent over the previous year. Notably over this period menu pricing grew by 6.4 per cent, operational costs increased significantly in key areas and inflation overall was 4 per cent, indicating sales growth lags behind cost increases.
- The restaurant and cafe sector recorded sales growth of 4.6 per cent in 2024, reaching $7.8 billion in annual sales (and posting sales $344 million more than 2023).
- Despite the challenges in 2023 in the aftermath of the country’s devastating weather events, in 2024 (year end March) the Gisborne region recorded the largest percentage sales growth over t...