Auckland’s heart of the city spend trends upwards: June Quarter results released

A packed events calendar and people’s love for dining has delivered the strongest year-end results for Auckland's city centre in three years.

CPI-adjusted figures for the year- end June 2023 show spend was 89% of year end June 2019. While the June 2023 quarter was 91% of June 2019.

CPI-adjusted figures for the year- end June 2023 show spend was 89% of year end June 2019. While the June 2023 quarter was 91% of June 2019.

 Viv Beck, Chief Executive explains: “In real terms, the spending trend for 2023 is closer to 2019 values than it was in 2021 or 2022. We’re conscious that trading is still lumpy, but overall, this is good news that builds on the positive trends we saw emerging in the previous quarter.”

Beck says that “While total results are the not experience for all businesses, events continue to be an important drawcard for the city centre and the June quarter boasted a full calendar - like the Auckland Arts and Writers Festivals and seasons of both Hamilton: The Musical and Kinky Boots”. 

“Both local and international visitors loved our city centre’s dining offer during the quarter, with this category returning the biggest spend across the quarter for both sectors”.

“Looking ahead, we’re still in the thick of Restaurant Month, and there’s more than 70 events this month alone. A dip into spending for the first two weeks of the FIFA Women’s World Cup tournament in late July/early August showed a bump of international spending, at +17% on the prior two weeks”.

-ENDS-