Already occupying a much-loved heritage building in Dunedin, Wains Hotel is set to relaunch as a 5 star boutique hotel in late 2018, revealing an opulence and standard not seen in Dunedin.
New Zealand's first Wyndham Garden hotel opens in Queenstown
Today's opening of the much-anticipated 75-room Wyndham Garden Remarkables Park, Queenstown brings Wyndham Hotel Group’s NZ portfolio to nine hotels and will be a welcome addition to the city's booming tourism industry.
Highest-ever pedestrian numbers recorded in Queenstown CBD
More people are pounding the pavements in central Queenstown than ever before, with the pedestrian count up 18 per cent on last year, 10 per cent on prior record.
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.
Choice Hotels Asia Pacific has announced the acquisition of four new-build properties across Australia and New Zealand, adding a total of 431 rooms to the group’s portfolio in the next three years.
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.
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%.
