Colliers International release their Australia New Zealand Capital Market Investment Review Hotels research report
Gus Moors and Karen Wales of Colliers International have found that Australian hotel transaction activity slowed in FYE2018 with volumes easing to $1.338 billion - however deal flow increased with 35 transactions (above $10 million) concluding throughout the year; This compares to 30...
New Zealand hotel development on the rise, Dean Humphries Colliers International
New Zealand is in its 6th consecutive year of a tourism boom which began in 2013 and with limited new hotel supply delivered over this period; it is not surprising that the hotel sector has finally entered a strong development phase.
New Zealand holiday parks key to growing tourism in the regions
With 21% of international and domestic visitor guest nights in New Zealand spent in holiday parks, new research shows that they are key to growing tourism in the regions.
New Zealand domestic and international guest nights statistics sees annual growth
Stats NZ have reported over 2.5 million nights were spent in commercial accommodation in May 2018, up 1.6 percent from May 2017 with increases shown in the Hotel, Motel and Holiday Park accommodation types.
Tourism Minister Kelvin Davis has welcomed new forecasts showing international visitor spending is expected to grow 40 per cent to $14.8 billion a year by 2024.
Queenstown and Auckland record strong RevPAR growth
Savills Hotels has reported that New Zealand wide RevPAR has increased 9.7%, with Queenstown and Auckland continuing to perform strongly recording RevPAR growth of 18.6% and 8.0%, respectively.
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.
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.
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.