Key regions: Singapore, India, Indonesia, Germany, Saudi Arabia
The Package Holidays market in New Zealand has been experiencing a notable shift in recent years.
Customer preferences: Customers in New Zealand are increasingly seeking unique and personalized travel experiences, moving away from traditional package holidays. They are looking for more flexibility, authenticity, and adventure in their trips, favoring customized itineraries over pre-packaged tours.
Trends in the market: One of the key trends in the New Zealand Package Holidays market is the rise of eco-friendly and sustainable travel options. Travelers are showing a growing interest in environmentally conscious holidays, leading to an increase in demand for packages that focus on conservation, local communities, and eco-tourism initiatives.
Local special circumstances: New Zealand's stunning natural landscapes and diverse outdoor activities play a significant role in shaping the Package Holidays market. The country's reputation for adventure tourism and its unique Maori culture attract a specific segment of travelers looking for immersive and nature-based experiences.
Underlying macroeconomic factors: The strong New Zealand dollar and stable economic conditions in the country have contributed to the growth of the Package Holidays market. With higher disposable incomes, more New Zealanders are opting for travel packages that offer added convenience and value for money. Additionally, the increasing connectivity and accessibility to different destinations have made package holidays more appealing to a broader audience.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings, revenues, and sales channels of package holidays.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, the Global Consumer Survey, third-party studies and reports, data from industry associations (e.g., UNWTO), and price data of major players in respective markets. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as country-related GDP, demographic data (e.g., population), tourism spending, consumer spending, internet penetration, and device penetration. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, and exponential trend smoothing methods are applied. A k-means cluster analysis allows for the estimation of similar countries. The main drivers are tourism GDP per capita and respective price indices.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
