More recovery than regenerative, the plan introduces yet another initiative to reimagine tourism.
NZ can be the world’s “new premier thermal mineral springs wellness destination”.
New hostel portfolio owner Wolf Herwegh Vonk on his $30m deal with YHA.
A draft plan for an $8bn upgrade in Waikato transport infrastructure has been signed-off for public consultation.
Overseas investors betting on a post-Covid travel boom are pumping multi-million dollar investments into tourism.
Ruapehu Alpine Lifts says it is now working with potential investors, who could end up buying half the business.
The iconic lodge will join the US private equity firm’s Australian subsidiary, luxury operator Baillie Lodges.
Merger and acquisition activity in 2021 could be driven by distressed tourism and hospitality assets, according to MinterEllisonRuddWatts.
The ski field operator is offering up half its business for a strategic investor to help develop opportunities.
The estimated cost of the redevelopment was $165m and is a key project in the Southland Regional Development Strategy Action Plan.
New Zealand’s $42bn sovereign wealth fund has increased its exposure to the country’s tourism sector with the circa $60m acquisition of Queenstown’s five-star Sofitel Queenstown Hotel and Spa.
Retail banks are reassessing their appetite to lend to tourism-related sectors, says the central bank.
The hotel owner is bringing its newly-launched, high-end Fable brand to Queenstown.
But room rates are the problem this year and Queenstown is a “disaster”, says Raman Sarin.
Interest in tourism businesses remains high but Covid has clouded commitment.
The $40m investment that followed a $1m holiday park sale has been highlighted by the agency.
Underinvestment in the country’s holiday parks has presented investors with an opportunity, says a new market entrant.
“We’re looking to bring ourselves back over a pretty tricky last 100 days and let the industry know we are winning,” executive director and founder John Wikstrom told the Ticker.
Construction on the multi-million dollar Nor’west Express lift at Mt Hutt will begin in October.
Tourism remains low as a percentage of total iwi and Māori business investment but interest remains high, according to ANZ analyst David Harrison.
Christchurch-headquartered group continues its tourism expansion drive with the purchase of Nelson’s Tasman Helicopters.
The Overseas Investment Office has been given stronger enforcement powers as it bring in changes affecting overseas investors.
The assets were supposed to be the foundation properties in a new tourism fund.
The Government will provide interest free loans for a year to small businesses hit by the Covid-19 economic shock.
Wellington Airport has won the support of shareholders Wellington City Council and Infratil to underwrite proposed future equity funding as it continues in negotiations with its existing lenders.
Businesses struggling to balance the books during the Covid-19 pandemic can now apply for the Government’s $6.25bn loan scheme via their bank.
MD Mark Francis says it is too early to know if the investment vehicle will re-launch.
Following the signing of a joint venture with EVENT, JUCY’s CEO tells the Ticker what his plans are for the new entity.
Augusta has postponed its proposed $70m tourism fund because of the difficulties in managing the launch of two funds at the same time.
The investor has postponed the much-awaited vehicle as it deals with a takeover bid.
Market watchers are anticipating in-depth reports about how tourism companies are coping with coronavirus and the financial impact they expect.
A bid for the investor comes as it prepares to launch the $100m fund.
Augusta is anticipating a busy period ahead as it gears up to launch the Augusta Tourism Fund in the first quarter of 2020.
The sovereign wealth fund has increased its exposure to NZ tourism with the purchase of the Holiday Inn.
The tourism industry’s share of NZ’s total carbon emissions has been revealed.
Christchurch City Council has approved the investment case for a $473m multi-use arena which mayor Lianne Dalziel said will be a game-changer for Christchurch and will help re-establish the region as New Zealand’s sporting and cultural capital.
A consortium led by Christchurch’s Box 112 co-founders has snapped up an Otago tourism venture.
MD Mark Francis says the new fund will be backed by hotels and possibly other types of tourism infrastructure.
Augusta has announced it is expecting reduced earnings for the six months ended 30 September 2019.
The $70m luxury Radisson Collection at Queenstown is expected to open in early 2022.
After more than a year’s work, the Tourism Attractions Programme prospectus is unveiled.
New Zealand Super Fund’s investment into a $300m hotel portfolio is said to be the single largest off-market hotel transaction in NZ’s history, according to hotel adviser Colliers International.
The $42bn sovereign wealth fund has taken a slice of a $300m three-strong hotel portfolio.
Foreign and domestic investment into New Zealand’s hotel sector is at risk, says Accor Pacific COO Simon McGrath.
The multi-million dollar deal brings a new investor to the sector and will help drive the operator’s expansion.
Augusta Capital says it is aiming to launch its proposed tourism fund in Q3 FY20 once an operator is secured and a construction contract in place at its Man Street hotel development at Queenstown.
Following a successful exit from Bachcare, GPE’s Nathan Mills tells us why he’s keen on tourism and what he looks for in an operator.
Nineteen exisiting and proposed attractions and experiences have been earmarked for investment.
Nineteen Auckland attractions, accommodation providers, tour operators and event production projects have been selected for the city’s first tourism-specific investment push.
A new private equity fund seeking capital for launch and tourism businesses to invest in is targeting 15-20% returns for its investors.