Marisa Bidois: Restaurant Association CEO on the hospitality sector's record high revenue but low profit margins

episode

Best of Business not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Best of Business

Jannet Xuccoa: When's the right time for a trust? 44 min · 21 Dec 2025

All episodes from Best of Business →

Report any issue

Source

Recorded14 Oct 2025

Publisheromnycontent.com ↗

Handlerec:7246325

Show notes

Revenue in the hospitality sector's reached a new record high, but many operators are seeing profit margins reach a new record low. Restaurant Association data shows sales have risen 1.4% in the past year. Tourism regions like Nelson and Queenstown-Lakes are seeing strong growth but central Auckland and Wellington are still doing it tough. Association Chief Executive Marisa Bidois told Mike Hosking tourism is continuing to drive much of the growth. She says CBDs are struggling, as foot traffic hasn't got back to pre-Covid levels yet. Bidois says any rise in revenue is being eroded by rising costs. She says food costs are up 4.6%, wages continue to climb, and insurance and rent have gone up as well. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.