Timaru District Quarterly economic monitor - March 2020

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Tourism Spending

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Highlights for Timaru District

  • Total tourism expenditure in Timaru District increased by 1.8% in the year to March 2020. This compares with an increase of 1.4% in New Zealand.
  • Total tourism expenditure was approximately $228m in Timaru District during the year to March 2020, which was up from $224m a year ago.

National overview

Tourism spending growth over the 12 months to March 2020 dropped markedly, from above 3%pa over 2019 to just 1.4%pa over the March 2020 year. Spending in the March 2020 month alone was down 29% from last March. Tourist arrivals dropped 54%pa in the March quarter, with progressively more restrictive border controls throughout the quarter. Infometrics’ working assumption is that the borders will remain closed until the end of the year, although an earlier opening of a trans-Tasman bubble provides some upside risk. Our forecasts currently expect a 91% drop in international tourism activity, and a 21% drop in domestic activity, as lower household incomes and other factors restrain travel.