Updates on Tourism Electronic Card Transactions (TECTs) and Spending Trends
Changes to the Tourism Electronic Card Transactions (TECTs) have been made, including the reinstatement of the international category and implementation adjustments for domestic spend. The Australian market has been split out within the international category. Caution is advised when interpreting TECTs data due to potential skewing factors. Domestic TECT spending has increased, while international and Australian TECT spending has seen declines and fluctuations.
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Tourism Electronic Card Transactions (TECTs) Tourism Electronic Card Transactions (TECTs)
We have made a few changes to the TECTs The international category has been reinstated, with a further Australian split Data can now be found on the Tourism Evidence and Insights Centre (TEIC) We have changed the implementation of the definition of domestic spend Stats NZ and MBIE are exploring ways of improving the release
The international category had been removed and replaced with other following COVID-19 This was due to: Far fewer international transactions being recorded and likely to exhibit different characteristics. We expected many of the transactions would be by New Zealanders (with electronic cards issued by foreign banks) returning from overseas We expected many of the transactions would be people from overseas who have remained in New Zealand over the period, who should not be defined as tourism Origin of visitors National Domestic Other Auckland Wellington Etc
International category has been reinstated, with an Australian split The international category has been reinstated, for the following reasons: The size of the aforementioned issues are likely reducing e.g. NZers and long-term international visitors using international cards falling over time. The size of the Australian market means previous issues will have less of an effect on aggregated international totals. Australia has been split out within the international category, with all other countries in an other category. Origin of visitors National Domestic International Auckland Wellington Etc Australia Other
We still advise caution when using and interpreting past and future TECTs We advise users to not add domestic and international market totals together. They should be used separately. This is due to ECTs in each market representing a different proportion of total tourism spend. While the TECTs show international spend from April 2020 April 2021, please exercise caution over this period, as the data could be skewed by returning New Zealanders using their overseas cards.
Domestic TECT spending in the year-ended May 2021 was up 29% from 2020 Domestic TECT spend in the year-ended May 2021 up 29% on the year-ended May 2020 up 16% on the year-ended May 2019 International TECT spend in the year-ended May 2021 down 71% on the year-ended May 2020 74% down on the year-ended May 2019 Australian TECT spend in the year-ended May 2021 down 76% on the year-ended May 2020 down 79% on the year-ended May 2019 Australian TECT spend in May 2021 up nearly 300% on May 2020
TECT data can now be found on the Tourism Evidence and Insights Centre (TEIC) We have removed the graphs from the MBIE website The data can now be visualised, interacted with, and downloaded on the TEIC website The stakeholder alert will be released as an article on the TEIC website, with a description of where to find the data The methodology and pivot tables can still be found on the MBIE website
We have changed the implementation of the definition of domestic spend In 2015, government and industry stakeholders agreed that domestic tourism should be defined as NZ residents travelling more than 40km outside their usual place of residence or work. Previously, a cardholder s address could be estimated down to a meshblock level using data Marketview received from the Bank of New Zealand (BNZ). This data is no longer available. Marketview is now using spending patterns via Paymark data to estimate where cardholders reside but can only be done down to the territorial authority (TA) level. Spend is now defined as domestic tourism if: It is 40km from the centre of the largest urban centre within a cardholder s home TA It is also outside of the cardholder s home TA. Commuter spend is also removed from totals, if certain conditions are met for frequency and proportion of their total spend in another TA. In this case, spend within the second TA would also be removed.
Stats NZ and MBIE are exploring way of improving the release The Tourism Electronic Card Transactions (TECTs) were established as an interim replacement for the Monthly Regional Tourism Estimates (MRTEs) The TECTs instead aim to present the measured electronic card transactions (ECT) attributable to tourism but without any attempt to represent the total spend Stats NZ are currently investigating ways in scaling with the ECT data to present all of tourism spend MBIE are looking to keep improving the material released, including a refresh of the pivot tables
