Holiday parks' expenditure insight
A new report highlights how much holiday parks are spending in their local communities.
The Holiday Parks Association New Zealand Expenditure Report looks at what holiday parks spend, especially as it relates to expenditure in their local community.
- The average total income of the holiday parks in this study was $1.09 million, or $7,179 per site/unit, for the year ending March 2014. Per site/unit income is higher for a large park than for a small park.
- The average total expenditure of the holiday parks in this study was $988,000 for the year ending March 2014. Per site/unit the average expenditure was $6,510 for the year.
- ‘In-region’ expenditure accounted for 72% of all holiday park expenditure – higher than found in a similar Australian study (where it was assessed at 56%). On average holiday parks spent $707,000 in their local region during the year.
- Expenditure most likely to be made in region includes capital expenditure, rent/lease payments, salaries and wages, indirect taxes and repairs, replacement and maintenance. On average more the 75% of expenditure in these categories occurred in-region.
- In addition, holiday parks make a range of non-financial contributions to their local region. This often includes being committee and board members of various community and local government groups.
- By combining the direct expenditure of holiday parks and the expenditure of the visitors that they host, the economic contribution of holiday parks can be estimated at $1.17 billion per annum.