June Quarter Spending Up 7%
Spending at HOTC merchants was up 7%, and transactions up 13.2% year on year. By comparison, our competitors spending was up 5.8%, and transactions 5.5%.
Origin of Spending
In the June quarter, 64.3% of spend came from Aucklanders, 16.9% from the Rest of NZ and 18.7% from International. Spending from Aucklanders was up +12.5% year on year. Within Auckland, 36% of the spending came from within the old Auckland City Council limits. Papakura has shown the biggest growth year on year, up 31.8% from last year - though still a very small 1.1% of total spending.
Category Breakdown
Heart of the City saw some good results for a number of categories this quarter, with the highest spending growth in the June Quarter was fashion, up 25.9% year on year, followed closely by Hospitality (25.2%) and Health and Beauty (24.1%).
Source: Marketview Limited. For any further information on the June Quarter results contact us at info@hotcity.co.nz
