A brand new five-star boutique hotel being created as part of one of Auckland’s tallest and most luxurious residential towers in central Auckland, The Pacifica, is being marketed for sale by Warren Hutt and Peter Hamilton of CBRE for developers Hengyi Pacific.
Many New Zealand hotel markets are outperforming their Australian counterparts as demand for rooms continues to outstrip supply with Queenstown, Auckland and Rotorua among Australasia's top markets.
Five-star Horizon Hotel opening in Auckland next year
Auckland's new five-star Horizon Hotel will open in late 2019, bringing 303 new high-end rooms to the city centre being built alongside the New Zealand International Convention Centre.
QT Hotels which has launched two hotels in New Zealand in the past 12 months, has expanded the QT Museum Wellington Hotel by adding 18 rooms, and reveals that more are on the horizon across the country.
The summer of 2017/18 has proven to be another record breaking season for the New Zealand tourism sector with record visitor numbers driving exceptional hotel performance metrics across the majority of its key markets.
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.
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.
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.