Colliers Internationa New Zealand has reported that the hotel sector continues to perform at historically high levels with 4 of the 5 surveyed regions recording their highest ever RevPAR in the year ending March 2019.

"Rotorua has now overtaken Queenstown as the country’s highest growth region, a space this tourism mecca has dominated for the past five years."

"Auckland is still recalibrating from its peak in 2017, as is typical when major events influence trading patterns. However growth is forecast to recommence by 2020/2021 when the New Zealand International Convention Centre opens and the City of Sails hosts an array of major events including the 36th Americas Cup, APEC World Leader's Summit, and three sporting World Cups (Women’s Cricket & Rugby and Men’s Softball)."

Dean Humphries of Collers International has stated that, “Investment demand for New Zealand hotel assets remain at an all time high from both offshore and domestic investors. However, opportunities remain scarce as hotel assets remain tightly held with owners electing to retain, based on buoyant trading conditions and further capital appreciation expectations."

colliers_hotels.png

Source: Colliers International

"Over the 24 month period ending December 2018, transaction volumes declined compared to the two year period 2015/16. There were a total of 19 hotel sales in the wider New Zealand market totalling approximately NZ$300 million compared to 29 sales totalling more than NZ$500m over the 2015/16 period.”

Click here to download Colliers International's Hotels Sales Analysis 17/18 research report.

Related Reading:

Auckland Waldorf Stadium Hotel sold, the largest Auckland hotel transaction in 12 years

'The Village Resort' Lake Taupo hotel sold

Comfort Hotel Wellington and Quality Hotel Wellington sold to Singapore-based Naumi Hotels