New Zealand: One of the Early Success Stories of Recovery Around the World – STR

Travel restrictions and lockdown measures in response to the COVID-19 pandemic forced widespread hotel closures and unprecedented performance declines around the globe. Asia Pacific countries have been no exception to the trend, but some of the region’s nations stand out in the earliest phases of industry recovery. New Zealand is one of them.

An early recovery success story

New Zealand posted an indexed Running 7-day average of demand as low as 23% compared to the same seven-day period the prior year.

The country’s recovery from COVID-19 began in June and was noteworthy through the school holiday period as a strong resurgence and confidence was born from a prolonged period without community transmission of the virus. The occurrence of the latest cases in August saw the lines converge again.

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