The event is an important contributor to the home renovation market with more than 500 Kiwi businesses exhibiting and 40,000 visitors, generating upwards of $30 million worth of business annually.
A 2016 Economic Impact Report, conducted by ASB Showgrounds, showed that the Auckland Home Show contributes $17.5m to Auckland's Regional GDP and brings in over 62,000 off-peak visitor nights to Auckland.
ASB Showgrounds chief executive Mark Frankham said the announcement was big news for the Auckland economy and the events sector overall.
"The Auckland Home Show is one of our biggest public shows for the year, using around 27,000 square metres of space.
"It's quite incredible the amount of exhibitors and businesses, especially small businesses, that are involved - many doing more than a year's business in just that one show."
Frankham said ASB Showgrounds hadn't had any exhibitions since mid-March before the country went into lockdown because of Covid-19.
"We're glad that the organisers stuck hard at it, and their exhibitors are supporting it. We're very, very proud of them and what they've done," Frankham said.
Magnus said they believe there is a high amount of pent-up demand out there.
"Consumers have been stuck in their homes during lockdown coming up with ideas of changes they want to make and what they want to renovate - and with international holidays off the radar for quite some time, the industry is hoping this is where people will be spending their discretionary income over the next 6-12 months.
"This is going to be the opportunity Auckland (and New Zealand) needs to restart their renovations and reboot the economy."
While organisers are aware they may still need to work around Covid-19 health and safety concerns, the event ticketing system can collect any necessary contact tracing data required.
