'Fragmented' tourism sector lacks economy of scale – report

'Fragmented' tourism sector lacks economy of scale – report
More Kiwis 'reprioritising' and heading offshore. (Image: BusinessDesk)
Brent Melville
Mergers and acquisitions could be a prominent feature of the tourism landscape over the coming year as operators recover from the covid hangover and build ‘economies of scale’.A new report by Westpac also suggests there’s room for consolidation in what is a highly fragmented and often cash poor sector. This could mean developing a “tourism ecosystem”, with capability built through acquisition, joint ventures or strategic alliances providing access to new technology and enabling more personalised tourist needs.Pre-c...

More Markets

NZ sharemarket drops after weak GDP data
Markets Market Close

NZ sharemarket drops after weak GDP data

Stats NZ data showed NZ's gross domestic product fell 0.9% in the June quarter.

Tom Raynel 18 Sep 2025
Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

Staff reporters 18 Sep 2025
NZ dollar on watch ahead of 3Q GDP, Fed signals
Markets

NZ dollar on watch ahead of 3Q GDP, Fed signals

Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.

Rebecca Howard 18 Sep 2025
Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

Pattrick Smellie 18 Sep 2025