Hawkes Bay Today
  • Hawke's Bay Today home
  • Latest news
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology

Locations

  • Napier
  • Hastings
  • Havelock North
  • Central Hawke's Bay
  • Tararua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Napier
  • Hastings
  • Dannevirke
  • Gisborne

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Hawkes Bay Today

Hawke's Bay spending tops nation three months running

By Patrick O'Sullivan
Business editor·Hawkes Bay Today·
6 Mar, 2017 07:48 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
The Bay enjoyed an 8.4 per cent increase in the value of spending compared with the same period last year. Photo/File

The Bay enjoyed an 8.4 per cent increase in the value of spending compared with the same period last year. Photo/File

Hawke's Bay retail spending growth has topped the country for the third month in a row.

Paymark figures show for the month of February Hawke's Bay enjoyed an 8.4 per cent increase in the value of spending compared with the same period last year, with the number of transactions increasing 7.8 per cent.

Following Hawke's Bay was Palmerston North with a 6.5 per cent increase in value, Bay of Plenty on 6.2 per cent and Otago on 4.2 per cent.

In January Hawke's Bay enjoyed an 11.1 per cent increase in value from the same period last year, with the number of transactions increasing 12.2 per cent.

December spending was up 10.9 per cent on December 2015.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Hawke's Bay Chamber of Commerce Wayne Walford said confidence was up across all sectors of the Hawke's Bay economy thanks to continued growth.

He said events showcasing Hawke's Bay were well subscribed and accommodation providers were "making hay".

The national Paymark increase for February was just 2.2 per cent above February 2016 with March last year having an extra day.

Advertisement
Advertise with NZME.

Paymark spokesman Paul Brislen said any part of New Zealand on the tourist radar was experiencing growth.

Between November 2016 and February 2017 underlying growth of foreign-issued cards was higher (6.5 per cent) than payments with all cards (5.5 per cent).

Foreign-issued card spending growth in the accommodation sector nationally was about one-third of spending and spending growth.

"Likewise international tourism made a strong contribution to transport merchants such as rental vehicle companies, taxis and airport service providers, and to education merchants," Paymark's February report said.

Food and liquor merchants were not as heavily dependent on international tourism spending but recent growth amongst cafes and bars was partly attributable to more spending with foreign-issued credit cards.

"However, there are merchants that typically cater to international tourists that are experiencing low spending growth in total at present.

"A merchant grouping of those selling retail goods, such as gift shops and duty-free outlets, has seen increased total spending through Paymark of only 0.6 per cent in 12 months. Likewise, a grouping of merchants providing services to the tourism sector, such as tourist activity operators and museums, shows annual spending growth of only 0.9 per cent.

"Both groupings have experienced lower foreign-issued card payments during the summer months. It is not known whether this decline reflects an underlying spending trend or a change in payment mechanism for these goods and services by international tourists."

Paymark processes about 75 per cent of all electronic transactions.

Save
    Share this article

Latest from Business

Premium
Opinion

How to preserve family wealth: Nick Stewart

Premium
Hawkes Bay Today

'Bringing the community together': Young new owner's plans for Hastings cinema

Hawkes Bay Today

Regional airline grounded for 10 days by Civil Aviation Authority


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from Business

Premium
Premium
How to preserve family wealth: Nick Stewart
Opinion

How to preserve family wealth: Nick Stewart

OPINION: The notorious “70% rule” suggests most family enterprises don’t survive.

18 Jul 06:00 PM
Premium
Premium
'Bringing the community together': Young new owner's plans for Hastings cinema
Hawkes Bay Today

'Bringing the community together': Young new owner's plans for Hastings cinema

14 Jul 04:29 AM
Regional airline grounded for 10 days by Civil Aviation Authority
Hawkes Bay Today

Regional airline grounded for 10 days by Civil Aviation Authority

14 Jul 03:12 AM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Hawke's Bay Today e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Hawke's Bay Today
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Hawke's Bay Today
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • NZME Events
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • © Copyright 2025 NZME Publishing Limited
TOP