COVID-19 triggers shift in consumer spending patterns, impacting hospitality sector.
The article explores how people change their spending habits due to COVID-19 in Canterbury, New Zealand. By looking at what people buy and when, the researchers found that some spending shifted to stockpiling items. The hospitality industry saw a big drop in spending during lockdown. This study is one of the first to show how crises like COVID-19 can affect where and when people spend their money.
