New reports show alcohol consumption is at an all-time low, and there's concerns about what this could mean for the hospitality sector.

Stats NZ figures show overall consumption dropped 8.3 percent, beer consumption fell 10 percent, wine was down 11 percent - with spirits rising by 1.3 percent.

Sam MacKinnon from Hospitality NZ says it's likely rising costs are driving consumers away, but recent health trends are also a factor.

"Cost is becoming an increasing driver for people to choose to consume less, so it's a bit of a combination of factors."

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New reports show alcohol consumption is at an all-time low, and there's concerns about what this could mean for the hospitality sector.
Stats NZ figures show overall consumption dropped 8.3 percent, beer consumption fell 10 percent, wine was down 11 percent - with spirits rising by 1.3 percent.
Sam MacKinnon from Hospitality NZ says it's likely rising costs are driving consumers away, but recent health trends are also a factor.
"Cost is becoming an increasing driver for people to choose to consume less, so it's a bit of a combination of factors."
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Sam MacKinnon: Hospitality NZ spokesperson on alcohol consumption dropping and what that means for the sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d74b1702-9bab-45c8-a91b-b3fd002c6e1e/transcript