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.
Opening next week on March 22, The Star Gold Coast’s new luxury hotel, The Darling, will deliver as promised a world-class facility to the region ahead of the Gold Coast 2018 Commonwealth Games.
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 last half of 2017 saw a flurry of activity in the pub sector which is considered one of the most tightly held in the country, according to CBRE’s H2 2017 Australia Pub Trends report.
IHG’s Crowne Plaza hotels are the first hotel network to install Tesla Destination Chargers at all of their properties across Australasia, connecting 12 properties with cutting-edge technology for a growing customer segment.
Quest and Deliveroo's genius room service partnership
Quest Apartment Hotels and Deliveroo are joining forces to let guests across 12 sites nationwide enjoy a truly 21st century perk: on-demand room service.
Sunshine Coast Council's largest construction project will now get underway, with council announcing John Holland has been awarded a contract worth around $225 million.
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%.
