26th April 2024 Hotels / STR
Occupancy, ADR and RevPAR over the whole country are now consistently tracking below last year.
Wellington’s hotel market hit a 2024 low in early April but has managed to bounce back – at least for now – according to figures from STR.
Christchurch was the only metropolitan market to start April above the results for the same period last year, according to figures from STR.
The value of building consents issued for hotels, motels and other short term accommodation for February 2024 was $8m, a decline of 65.2% from the same month last year.
Occupancy across Auckland’s hotel market fell sharply as summer ended and autumn took hold, according to figures from STR.
Occupancy and ADR across New Zealand have dipped from their February highs, according to figures from STR.
Colliers International’s national director of hotels, Dean Humphries, has resigned.
Average weekly occupancy across the resort hit 94% in February, according to STR.
The ongoing visitor recovery should give New Zealand hotel owners and investors cause for optimism for 2024, says property agent Jones Lang LaSalle.
Grand Millennium Auckland has opened two new venues in its dining precinct.
The capital’s hotels enjoyed a good February with average weekly occupancy rising to nearly 88%.
Templeton Group plans to build a $120m hotel in Hamilton’s central city.
The new Soho Hotel in Auckland will open at Mount Roskill on 7 March.
Average weekly occupancy across Christchurch’s hotels has surged over 90%, according to figures from STR.
Its 322 rooms will be part of a $100m redevelopment and will add to the circa 2,000 keys already slated for the city’s hotel market.
The operator of the ‘six star’ luxury The Carlin Boutique Hotel in Queenstown has gone into receivership.
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Auckland has had a good February with average weekly occupancy and ADR climbing to a summer high last week, according to figures from STR.
The consultancy says it is only some regional markets that are seeing RevPAR that matches or exceeds the 21% CPI increase and 25% wage growth seen since the pandemic.
Average weekly occupancy across New Zealand has been hovering just above 70% since mid-January, according to figures from STR.
Total guest nights last year have fallen just short of the pre-Covid peak, according to the latest ADP, with Queenstown leading the way.
The strong summer has seen Queenstown’s hotel market recover to pre-Covid levels, according to figures from STR.
The boutique luxury Hotel DeBrett building on Auckland’s High Street has sold for $21m, says Colliers.
Abstract Hotel on Auckland’s Upper Queen Street has opened for bookings.
The value of hotels, motels and short-term accommodation consented totalled $8m in December 2023, according to Stats NZ’s latest building data.
Activity across Wellington has been growing steadily since mid-January, according to figures from STR.
The operator says it is seeing strong forward bookings with the Chinese market returning faster than expected.
Christchurch was the best performing of the city markets in terms of occupancy.
Operators report a record peak season, with accommodation in popular holiday regions soaking up strong demand.
Average weekly hotel occupancy across New Zealand slid to 56% in mid-December, according to figures from STR, as the major metropolitan markets saw demand fall as expected before the Christmas break.
The country’s largest hotel market managed to pass the 90% daily occupancy mark in 2023 for the first time since the pandemic hit, according to figures from STR.
Guest nights in short-term commercial accommodation totalled 3.4 million in November 2023, according to the latest figures from the Accommodation Data Programme.
The result set a new bar for a major NZ hotel market and helped drive ADR across the country on New Year’s Eve to a national record.
Four Christchurch hotels are offering scholarships for students pursuing the Bachelor of Commerce in Hotel and Tourism Management at Lincoln University.
NZ’s best-performing hotel market sees both room demand and revenue increase significantly on pre-Covid.
Average weekly occupancy across New Zealand fell last week with all major markets sliding into the first week of summer, according to figures from STR.
The driving force behind Queenstown’s $30m+ ‘six star’ The Carlin passed away suddenly, aged 69.
The Carlin, Holiday Inn Express, Hilton Auckland, Rydges Latimer Christchurch, Park Hyatt, Sofitel Queenstown and The Landing have been named New Zealand winners in the 2023 HM Awards.
Auckland’s hotel market has enjoyed a strong end to spring, according to figures from STR.
Queenstown Marathon last Saturday lifted occupancy across the resort to a new 2023 high, according to figures from STR.
There may be political limbo in Wellington following the 14 October general election, but at least the capital’s hotel market appears to be exiting spring on a consistent trend up, according to figures from STR.
NZ could do with its own version of Surfers Paradise or Las Vegas, says HCA’s strategic director.
Wellington sees little govt activity following the election as political parties negotiate.
Christchurch’s hotel market appears to be ending spring on a high, according to figures from STR.
Occupancy and ADR trends across New Zealand’s major hotel markets appear to be normalising, according to figures from STR.
Queenstown occupancy and average daily rate have been trending down since the 2023 high seen in early September, according to figures from STR.
After a decent start to spring for the capital’s hotels, Wellington has been sliding out of the season with steady falls in both occupancy and average daily rate over recent weeks, according to figures from STR.
Demand for hotel rooms is holding up among domestic visitors but operators could do with more international bookings, says Horwath HTL.
Occupancy across New Zealand’s largest hotel market has fluctuated in spring between 60% and 75%, according to figures from STR.
New Zealand hotel owners are having to cope with increasingly onerous insurance bills that are having an impact on investment decisions, says one of the industry’s notable investors.