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.
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.
Naumi Hotels, the Singapore-based private hotel owner and operator is further increasing its presence in New Zealand with the purchase of two properties in a prime location in Wellington, New Zealand.
Following the multi-million dollar refurbishment of Cordis, Auckland, Hong Kong-based Langham Hospitality Group has announced new expansion plans that will transform the hotel into New Zealand's largest.
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.
Naumi Hotels has announced their debut in Australasia with the opening of the Naumi Auckland Airport which will soon be joined by further sister hotels as the Naumi brand continues to expand.