Queenstown and Auckland record strong RevPAR growth
Savills Hotels has reported that New Zealand wide RevPAR has increased 9.7%, with Queenstown and Auckland continuing to perform strongly recording RevPAR growth of 18.6% and 8.0%, respectively.
Many New Zealand hotel markets are outperforming their Australian counterparts as demand for rooms continues to outstrip supply with Queenstown, Auckland and Rotorua among Australasia's top markets.
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%.
Kiwi tourism and increase in superyacht numbers set to deliver strong returns in 2021
The growing size of the global superyacht fleet and New Zealand’s rising popularity as a tourism destination is set to mean the 36th America’s Cup in 2021 will be the biggest yet for Auckland, according to a new report by CBRE.
Colliers International release New Zealand Hotel Market Snapshot May 2017
Dean Humphries, National Director of Hotels New Zealand and South Pacific says the New Zealand hotel sector is set up for potentially its best performing year on record.
Colliers release New Zealand Hotel Sales Report March 2017
The New Zealand hotel market has in recent times witnessed its most buoyant period of transactional activity since 2005/06 with over $500 million of hotel assets changing hands in 2015/16.