Colliers is pleased to present our latest New Zealand Hotel Market Snapshot.
The New Zealand hotel market continues on its strong recovery path on the back of a full opening of the country’s borders and a gradual ramp up of international airline capacity.
Recovery has thus far been driven by strong room rates across the country and despite recovery in Occupancy still lagging, 3 of the 5 main regions have now recorded quarterly RevPAR above the corresponding period in 2019.
All indications are now suggesting that we will see an earlier than anticipated recovery to pre-pandemic levels.
On the investment side, with aggressive increases to the Official Cash Rate (OCR) from 0.25% to 3.5% since July 2021 has resulted in a uncharacteristically subdued investment market with many purchasers reviewing their required returns.
Download the report today to find out more on the latest performance of the New Zealand hotel sector.
Contact
| Dean Humphries | Chris Bennett | Kris Ongley | Jackie Su |
| National Director Hotels | Director Hotel Valuation & Advisory | Director Hotel Sales | Senior Analyst & Investment Broker Hotels |
| Dean.humphries@colliers.com | Chris.bennett@colliers.com | Kris.ongley@colliers.com | Jackie.su@colliers.com |
| +64 21 408 156 | +64 21 707 103 | +64 21 657 687 | +64 21 196 5765 |
https://www.colliers.co.nz/en-nz/real-estate-services/hotel-sales