Hostels

But cost pressures and corporate competition could shape the recovery for operators.

The operator reopens its hostels tomorrow, with strong demand and new patterns of bookings coming through.

New Zealand tourism needs to step up and fight for overseas markets, says the association’s inaugural president.

Accommodation with shared facilities will not be permitted to host visitors once the border eases.

There has been good interest among both domestic and international parties for the group of YHA-managed hostels that closed doors in December, says the agent charged with selling the properties.

More than a third of businesses have shut with another 22% hibernating, says the New Zealand Hostels Association.

In a “sad day for YHA and for tourism in NZ” the closures will end 89 years of operations.

New hostel portfolio owner Wolf Herwegh Vonk on his $30m deal with YHA.

Sale and leaseback offers a way to unlock capital for accommodation operators but deals remain rare.

YHA sells five hostels in what it says is a reflection of the distressed nature of the tourism industry.

Hostels are shutting their doors or being put up for sale as the market struggles without international visitors.

The old Māori trade training hostel, Te Kooti te Rato, located at Rehua Marae in Christchurch will soon be repurposed into six modern apartments for local Christchurch whānau.

Summer accommodation will be made available at the former YHA Opoutere, which has been handed over to the Wharekawa Adventure Education Trust by YHA New Zealand.

Lake Tekapo’s new $9m YHA has reported 85% occupancy in its first two weeks of trade.