Asset shortage in key Australian cities drives acquisition spree by hotel groups
A shortage of suitable real estate for hotel developments in key cities such as Sydney, Melbourne, Gold Coast, Canberra, Auckland and Queenstown is behind a boom in acquisitions by top and mid-tier hotel groups - iPG’s quarterly Hotel Market Research Report.
It's never been a better time to enter a tourism career in New Zealand
Tourism is the number one export earner in New Zealand, worth $36 billion annually and directly employing more than 230,000 people - New research delving into the minds of New Zealand’s young people has uncovered some fascinating insights.
Colliers International release their Australia New Zealand Capital Market Investment Review Hotels research report
Gus Moors and Karen Wales of Colliers International have found that Australian hotel transaction activity slowed in FYE2018 with volumes easing to $1.338 billion - however deal flow increased with 35 transactions (above $10 million) concluding throughout the year; This compares to 30...
New Zealand hotel development on the rise, Dean Humphries Colliers International
New Zealand is in its 6th consecutive year of a tourism boom which began in 2013 and with limited new hotel supply delivered over this period; it is not surprising that the hotel sector has finally entered a strong development phase.
Darwin and Gold Coast top hotel performers edging out Cairns, CBRE Hotels MarketView report
Gold Coast and Darwin shone as Australia’s best performing hotel markets over the last 12 months, edging Cairns from the top spot as reported by CBRE’s latest Hotels MarketView report for Q2 2018.
New Zealand holiday parks key to growing tourism in the regions
With 21% of international and domestic visitor guest nights in New Zealand spent in holiday parks, new research shows that they are key to growing tourism in the regions.
New Zealand domestic and international guest nights statistics sees annual growth
Stats NZ have reported over 2.5 million nights were spent in commercial accommodation in May 2018, up 1.6 percent from May 2017 with increases shown in the Hotel, Motel and Holiday Park accommodation types.
Tourism Minister Kelvin Davis has welcomed new forecasts showing international visitor spending is expected to grow 40 per cent to $14.8 billion a year by 2024.
North Queensland investment to rise with the Cairns Global Tourism Hub
Investor confidence is growing in the government’s proposal for a Tropical North Global Tourism Hub with multiple national and international firms at the centre of the next phase of consultation, with the Cityport precinct near the expanding Convention Centre being the preferred development site...
The most recent research released by Savills Hotels reveals that Australia's average RevPAR has seen an increase of 3.9%, with Darwin (up 18.3%), Cairns (up 6.9%) and the Gold Coast (up 6.5%) the stand out performers.