Stats NZ have recorded that visitor numbers were down last month compared with June 2017, when New Zealand hosted the British and Irish Lions Rugby tour - June 2017 recording 230,000 and June 2018 down 17,800 to 212,000.
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.
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.
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 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%.
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.
