Tāmaki Makaurau’s hospitality industry is facing pressure from an uncertain economic climate and changing consumer habits. Auckland ’s hospitality industry has been dealt a heavy blow by the cost-of-living crisis unfolding at home. With Kiwis tightening their belts and thinking twice about where their money is going - amid changing dining habits , high interest rates, and the soaring costs of electricity , supplies, and rents - establishments across the city have started to either close or wind back their businesses.
The Restaurant Association released survey results on the country’s hospitality businesses in July, finding that they were reporting lower revenue, fewer customers, and greater strain on their mental health..