The 2017 financial year has exceeded all of Resort Brokers New Zealand expectations, with the final two transactions being settled before the end of March, their total gross sales value eclipsed the previous financial year result.
The performance of New Zealand hotels nationwide continues to improve with a recorded occupancy rate of 81.2% in the year to December 2017, with Queenstown the fastest growing market again in 2017 reporting RevPAR growth of 16.1%.
New Zealand is likely to start feeling the effects of “tourism fatigue” as record-breaking visitor numbers put an increasing strain on accommodation and infrastructure.
NZ hotel owners look to divest in buoyant investment climate
More hotels will be offered for sale this year as owners look to take advantage of the buoyant investment climate by selling off increasingly valuable assets.
Christchurch Airport Master Plan and upgrade revealed
Christchurch Airport has an eye on the future and has revealed its vision for the airport in 2040 being the New Zealand South Island's gateway for visitors, airfreight and business.
Resort Brokers NZ release their quarterly publication The Tourism Informer
The 'Small Business Brokering Office of the Year 2016' have released The Tourism Informer which is distributed to over 4,000 investors and industry participants in New Zealand.