"Domestic demand in New Zealand offsets soft international numbers" - reports CBRE
International visitor nights across New Zealand decreased by 2.3% in the 12 months to June 2019, while domestic nights increased by 3.8% resulting in a 1.1% increase overall - the CBRE New Zealand Research Centre has reported.
Investment demand for New Zealand hotel assets remain high - Colliers International
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...
New Zealand records most popular international visitor numbers ever throughout Spring
The latest international visitor arrival figures show that 2018 was New Zealand's most popular Spring season yet, attracting 927,512 visitors – up 5.0 percent on 2017 and outpacing annual visitor arrival growth of 3.6 percent.
New Zealand's South Island has seen a 9.7% growth in guest nights from overseas visitors in November 2018 when compared with the same month the previous year, while the North Island had 2.8 percent fewer overseas guest nights.
International tourists and Kiwis boost tourism spend to over $39 billion
Continued growth in overseas visitor numbers, and a buoyant domestic tourism market in New Zealand drove tourism spending to $39.1 billion in the year ended March 2018, Stats NZ has announced.
It's never been a better time to enter a tourism career in New Zealand
Tourism is the number one export earner in New Zealand, worth $36 billion annually and directly employing more than 230,000 people - New research delving into the minds of New Zealand’s young people has uncovered some fascinating insights.
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.
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.
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.
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.
