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.
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.
Hotel development in New Zealand shows unprecedented growth
Auckland, alone, has nine current hotel projects under construction and 30 more in the pipeline as investors look to take advantage of the ongoing tourism boom that started in 2013.
Bespoke hospitality opportunities in new Wellington waterfront development on the table
Bayleys Wellington Senior Broker Jim Wana is offering two ground-floor hospitality tenancies within the Kumutoto Precinct development, Wellington, NZ for sale.
Resort Brokers NZ release their quarterly publication The Tourism Informer
The 'Small Business Brokering Office of the Year 2016' have released The Tourism Informer which is distributed to over 4,000 investors and industry participants in New Zealand.
Colliers release New Zealand Hotel Sales Report March 2017
The New Zealand hotel market has in recent times witnessed its most buoyant period of transactional activity since 2005/06 with over $500 million of hotel assets changing hands in 2015/16.