New Zealand can’t afford to ease up on hotel development
Thousands of more new hotel rooms are set to come on stream within the next seven years as a result of increased levels of hotel construction activity but New Zealand is still at risk of being left behind by other tourist friendly countries.
A survey of hundreds of travellers around the globe by The Rees Hotel Queenstown, New Zealand has shown that hotels remain by far still the tried and true favourite for both leisure and business guests.
If you search the World Wide Web for forecasting software you get over 16 million hits, an issue which Forecast5 is tackling head on producing an integrated suite of Profit and Loss, Balance Sheet, Cashflow and FundsFlow reports.
The New Zealand International Convention Centre (NZICC) will host the Asia-Pacific Association of International Education (APAIE) Conference in 2021, which is expected to attract more than 1,700 delegates and 200 exhibitors, who will stay a total of 8,700 visitor nights and contribute an...
Why investors need to check-in to NZ’s motel sector
New Zealand’s accommodation sector is in an enviable position, with the number of tourists surpassing the number of beds available with motels being a cost-effective point of entry.
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.
Regional Economic Development Minister Shane Jones has announced the Provincial Growth Fund (PGF) will help support a desperately-needed upgrade at the Bay of Islands Airport in Kerikeri.
Auckland secures $33m worth of business events from Australia
Auckland’s increased focus on developing the Australian market as a source of business events has paid dividends – resulting in the city hosting $33 million worth of business events since the Auckland Business Events Plan launched in 2014.
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.