Elite Priority One
Sep 6, 2023, 1:15 pm
#226
Join Date: Feb 2013
Location: AKL
Programs: NZ*E, QR Plat
Posts: 366
That seems an incredibly low threshold. I often fly for around $11 NZD per status point, which would make 3000 status points (if all metal) only a spend of $33,000 NZD.
Considering you can spend around $20K on one return business class ticket to JFK, I'd think the threshold for EP1 would be more like 24,000-30,000SP, or $330K per year spent on NZ metal?
Maybe an invite to EP1 is based more on who you are vs your actual spend with the airline if the spend threshold is so low?
Considering you can spend around $20K on one return business class ticket to JFK, I'd think the threshold for EP1 would be more like 24,000-30,000SP, or $330K per year spent on NZ metal?
Maybe an invite to EP1 is based more on who you are vs your actual spend with the airline if the spend threshold is so low?
that is my point ! It’s not about how much they fly but how much business and cash flow they generate for NZ with freight forwarding. No individual flyer will ever generate that much money.
in both these people’s cases it is nothing to do with how much they personally fly
Sep 6, 2023, 4:12 pm
#227
Join Date: Feb 2011
Programs: NZ*E
Posts: 810
wishful thinking and mathematically correct, reality check - what is the volume of NZers who pays this amount a year? We will never be like PPS for SQ or top tier the likes of NH or CX. You can buy almost half an apartment in Auckland for $330k
Sep 6, 2023, 5:35 pm
#228
Join Date: Jul 2014
Location: Auckland
Programs: NZ Elite, IHG Diamond Ambassador
Posts: 908
There are a few EP1s who spend over $100k on a single multi-airline trip. People spending six figures on travel is definitely a lot more common than you would think. I recently booked a trip for two people which came to around $70K just for the flights…
Sep 6, 2023, 7:18 pm
#229
Join Date: Feb 2011
Programs: NZ*E
Posts: 810
Yes, they exist, I am thinking about the volume and % of population compared to AUS and Asia (where other *A carriers are based) and BR from Taiwan and TG from Thailand are a bit different... (and yes, I know there are some and they exist, but % and volume is quite different, I suspect).
Sep 6, 2023, 8:54 pm
#230
Join Date: Dec 2022
Posts: 390
are they looking to adopt a man?
Sep 7, 2023, 1:05 am
#231
Join Date: Jul 2014
Location: Auckland
Programs: NZ Elite, IHG Diamond Ambassador
Posts: 908
what I can say is good for them
Yes, they exist, I am thinking about the volume and % of population compared to AUS and Asia (where other *A carriers are based) and BR from Taiwan and TG from Thailand are a bit different... (and yes, I know there are some and they exist, but % and volume is quite different, I suspect).
Yes, they exist, I am thinking about the volume and % of population compared to AUS and Asia (where other *A carriers are based) and BR from Taiwan and TG from Thailand are a bit different... (and yes, I know there are some and they exist, but % and volume is quite different, I suspect).
HA! 😂
Sep 7, 2023, 2:42 am
#232
Join Date: Mar 2014
Location: bne
Programs: Velocity Gold, AIRNZ Elite, Qantas Silver ,Hilton Diamond
Posts: 1,320
I think you will be surprised by the amount of ‘hidden’ wealth in New Zealand. Total trip costs between $100K-$500K are very common, especially in the leisure sector. $1m+ trips are a lot rarer in comparison to the US/EU/UK leisure markets, but they do occur. IRD recently reported that there are 312 families/individuals with a net worth of $50m+. What is unknown is the number of families/individuals with a net worth in the $10m-$50m range. However, I would guess that there are quite a lot.
HA! 😂
HA! 😂
I would not be surprised if the $50m+ group is in the hundreds of thousands.
Fifty million is not a high figure today.
It's been many , many years since the NBR considered $50m in the rich list .
Sep 7, 2023, 3:02 am
#233
Join Date: Jul 2014
Location: Auckland
Programs: NZ Elite, IHG Diamond Ambassador
Posts: 908
I think the IRD sent surveys to 312 taxpayers not there are 312 families/persons with net worth of $50m+.
I would not be surprised if the $50m+ group is in the hundreds of thousands.
Fifty million is not a high figure today.
It's been many , many years since the NBR considered $50m in the rich list .
I would not be surprised if the $50m+ group is in the hundreds of thousands.
Fifty million is not a high figure today.
It's been many , many years since the NBR considered $50m in the rich list .
I would think that the bulk of NZ’s wealthy are in the $10m-$50m range. There are a lot of people, such as retirees, who have valuable land holdings they have had for decades. They are of course illiquid but that changes once they sell. Look at suburbs like Herne Bay, Westmere, Orakei etc. and there are run-down houses in prime spots worth many, many millions.
Many of my clients have similar backgrounds. They were cash-poor until they sold the family home for $5m+ and are now living life and spending lots on holidays.
My EP1 clients on the other hand are all SME owners travelling for business. They consistently spend 6 figures per year with Air NZ.