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.
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.
The four year partnership extension will see AccorHotels continue as the official accommodation partner of the NRL, supporting Clubs and State of Origin teams across Australia and New Zealand.
Crown land earmarked for five-star hotel adjoining Christchurch convention centre
An operator is being sought for a five-star hotel, which will form part of a well-planned development in Christchurch’s Cathedral Square, neighbouring the $240m Christchurch Convention Centre due to be completed in 2020.
Stats NZ has reported that guest nights spent in short-term accommodation reached record levels in January 2018 rising to 4.97 million, 1.4 percent higher than in January 2017.
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.
Hotel investors still on the lookout amid COVID-19 - CBRE Survey
The Australian hotel industry remains cautiously optimistic about medium-term investor appetite amid the COVID-19 pandemic, according to CBRE Research’s latest Hotel Market Survey.
Emerging 'dark kitchen' trend among food retailers - CBRE
As Australia’s hospitality retailers look towards delivery services to bolster business during the COVID-19 pandemic, CBRE has released a report on the emerging dark kitchen trend feeding Australia’s growing meal delivery economy.