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Thursday 02 May 2024
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Hotels

Weekly hotel results: NZ falls below 2023 26th April 2024 /

Weekly hotel results: NZ falls below 2023

Occupancy, ADR and RevPAR over the whole country are now consistently tracking below last year.


Weekly hotel results: Wellington lifts off 2024 low 19th April 2024 /

Weekly hotel results: Wellington lifts off 2024 low

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. 


Weekly hotel results: Christchurch holds as city markets fall below 2023 12th April 2024 /

Weekly hotel results: Christchurch holds as city markets fall below 2023

Christchurch was the only metropolitan market to start April above the results for the same period last year, according to figures from STR.


Value of hotels, motels consents down 65% in Feb 12th April 2024 /

Value of hotels, motels consents down 65% in Feb

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.


Weekly hotel results: Auckland falls furthest, with signs of wider weakness 5th April 2024 /

Weekly hotel results: Auckland falls furthest, with signs of wider weakness

Occupancy across Auckland’s hotel market fell sharply as summer ended and autumn took hold, according to figures from STR.


Weekly hotel results: National occupancy, ADR slip out of summer 22nd March 2024 /

Weekly hotel results: National occupancy, ADR slip out of summer

Occupancy and ADR across New Zealand have dipped from their February highs, according to figures from STR.


Hotel property specialist Dean Humphries retires from Colliers 20th March 2024 /

Hotel property specialist Dean Humphries retires from Colliers

Colliers International’s national director of hotels, Dean Humphries, has resigned.


Weekly hotel results: Queenstown ends summer on occupancy high 15th March 2024 /

Weekly hotel results: Queenstown ends summer on occupancy high

Average weekly occupancy across the resort hit 94% in February, according to STR.


Perspectives: Why NZ hotel owners and investors should be optimistic 14th March 2024 /

Perspectives: Why NZ hotel owners and investors should be optimistic

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 opens new hospo venues 14th March 2024 /

Grand Millennium opens new hospo venues

Grand Millennium Auckland has opened two new venues in its dining precinct.


Weekly hotel results: Wellington occupancy nears 90% 8th March 2024 /

Weekly hotel results: Wellington occupancy nears 90%

The capital’s hotels enjoyed a good February with average weekly occupancy rising to nearly 88%.


Templeton plans $120m Hamilton hotel development 8th March 2024 /

Templeton plans $120m Hamilton hotel development

Templeton Group plans to build a $120m hotel in Hamilton’s central city.


New Soho Hotel adds 126 rooms to Auckland 5th March 2024 /

New Soho Hotel adds 126 rooms to Auckland

The new Soho Hotel in Auckland will open at Mount Roskill on 7 March.


Weekly hotel results: Christchurch occupancy hits post-Covid high 1st March 2024 /

Weekly hotel results: Christchurch occupancy hits post-Covid high

Average weekly occupancy across Christchurch’s hotels has surged over 90%, according to figures from STR.


Radisson RED entry positive but adds to thousands of rooms coming to Auckland 29th February 2024 /

Radisson RED entry positive but adds to thousands of rooms coming to Auckland

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.


‘Six star’ Carlin hotel company in receivership 27th February 2024 /

‘Six star’ Carlin hotel company in receivership

The operator of the ‘six star’ luxury The Carlin Boutique Hotel in Queenstown has gone into receivership.


Millennium & Copthorne returns to FY profit, revenue tops $100m 27th February 2024 /

Millennium & Copthorne returns to FY profit, revenue tops $100m

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Weekly hotel results: Auckland climbs to summer high 23rd February 2024 /

Weekly hotel results: Auckland climbs to summer high

Auckland has had a good February with average weekly occupancy and ADR climbing to a summer high last week, according to figures from STR.


Auckland only major hotel market lagging pre-Covid RevPAR – Horwath HTL 19th February 2024 /

Auckland only major hotel market lagging pre-Covid RevPAR – Horwath HTL

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.


Weekly hotel results: NZ steady, little above Feb 2023 16th February 2024 /

Weekly hotel results: NZ steady, little above Feb 2023

Average weekly occupancy across New Zealand has been hovering just above 70% since mid-January, according to figures from STR.


Total guest nights close in on pre-Covid to hit 39 million in 2023 13th February 2024 /

Total guest nights close in on pre-Covid to hit 39 million in 2023

Total guest nights last year have fallen just short of the pre-Covid peak, according to the latest ADP, with Queenstown leading the way.


Weekly hotel results: Queenstown results recover to pre-Covid 9th February 2024 /

Weekly hotel results: Queenstown results recover to pre-Covid

The strong summer has seen Queenstown’s hotel market recover to pre-Covid levels, according to figures from STR.


Hotel DeBrett building sells for $21m 9th February 2024 /

Hotel DeBrett building sells for $21m

The boutique luxury Hotel DeBrett building on Auckland’s High Street has sold for $21m, says Colliers.


Abstract Hotel opens in Auckland 8th February 2024 /

Abstract Hotel opens in Auckland

Abstract Hotel on Auckland’s Upper Queen Street has opened for bookings.


Short-term accom consent value tumbles 7th February 2024

Short-term accom consent value tumbles

The value of hotels, motels and short-term accommodation consented totalled $8m in December 2023, according to Stats NZ’s latest building data.


Weekly hotel results: Wellington back on the way up 2nd February 2024 /

Weekly hotel results: Wellington back on the way up

Activity across Wellington has been growing steadily since mid-January, according to figures from STR.


Sudima targeting up to three new hotels over two years – but not in Wānaka 31st January 2024 /

Sudima targeting up to three new hotels over two years – but not in Wānaka

The operator says it is seeing strong forward bookings with the Chinese market returning faster than expected.


Weekly hotel results: City markets tick up as holidays end 26th January 2024 /

Weekly hotel results: City markets tick up as holidays end

Christchurch was the best performing of the city markets in terms of occupancy.


Record trading, bumper bookings in “best ever” summer for destination hotels 23rd January 2024 /

Record trading, bumper bookings in “best ever” summer for destination hotels

Operators report a record peak season, with accommodation in popular holiday regions soaking up strong demand.


Weekly hotel results: National occupancy falls as holidays end 19th January 2024 /

Weekly hotel results: National occupancy falls as holidays end

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.


Auckland hotels achieve 90% milestone for first time since Covid 18th January 2024 /

Auckland hotels achieve 90% milestone for first time since Covid

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.


ADP: Hotels drive guest night growth 16th January 2024 /

ADP: Hotels drive guest night growth

Guest nights in short-term commercial accommodation totalled 3.4 million in November 2023, according to the latest figures from the Accommodation Data Programme.


Queenstown NYE hotel rates smash record, drive new national high 15th January 2024

Queenstown NYE hotel rates smash record, drive new national high

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.


Christchurch hotels offer $3k annual scholarships for future leaders  13th December 2023 /

Christchurch hotels offer $3k annual scholarships for future leaders 

Four Christchurch hotels are offering scholarships for students pursuing the Bachelor of Commerce in Hotel and Tourism Management at Lincoln University.


Strongest recovering hotel market sees revenue up 49% on pre-Covid – CBRE 11th December 2023 /

Strongest recovering hotel market sees revenue up 49% on pre-Covid – CBRE

NZ’s best-performing hotel market sees both room demand and revenue increase significantly on pre-Covid.


Weekly hotel results: NZ occupancy slides into summer 8th December 2023 /

Weekly hotel results: NZ occupancy slides into summer

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.


Hotel developer Kevin Carlin dies 6th December 2023 /

Hotel developer Kevin Carlin dies

The driving force behind Queenstown’s $30m+ ‘six star’ The Carlin passed away suddenly, aged 69.


The Landing, Sofitel Queenstown, The Carlin among HM Awards 5th December 2023 /

The Landing, Sofitel Queenstown, The Carlin among HM Awards

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.


Weekly hotel results: Auckland occupancy lifts off 1st December 2023 /

Weekly hotel results: Auckland occupancy lifts off

Auckland’s hotel market has enjoyed a strong end to spring, according to figures from STR.


Weekly hotel results: Marathon lifts Queenstown to 2023 high 24th November 2023 /

Weekly hotel results: Marathon lifts Queenstown to 2023 high

Queenstown Marathon last Saturday lifted occupancy across the resort to a new 2023 high, according to figures from STR.


Weekly hotel results: Wellington hotels heading up but below 2022 17th November 2023 /

Weekly hotel results: Wellington hotels heading up but below 2022

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.


“Good growth done well” – Doolan on solutions for tourism’s future 15th November 2023 /

“Good growth done well” – Doolan on solutions for tourism’s future

NZ could do with its own version of Surfers Paradise or Las Vegas, says HCA’s strategic director.


Govt limbo, soft domestic sees ‘disappointing’ hotels growth – Horwath HTL 14th November 2023 /

Govt limbo, soft domestic sees ‘disappointing’ hotels growth – Horwath HTL

Wellington sees little govt activity following the election as political parties negotiate.


Weekly hotel results: Christchurch on the up 10th November 2023 /

Weekly hotel results: Christchurch on the up

Christchurch’s hotel market appears to be ending spring on a high, according to figures from STR.


Weekly hotel results: Occupancy, ADR trends normalise 3rd November 2023 /

Weekly hotel results: Occupancy, ADR trends normalise

Occupancy and ADR trends across New Zealand’s major hotel markets appear to be normalising, according to figures from STR.


Weekly hotel results: Queenstown slides as ski season ends 27th October 2023 /

Weekly hotel results: Queenstown slides as ski season ends

Queenstown occupancy and average daily rate have been trending down since the 2023 high seen in early September, according to figures from STR.


Weekly hotel results: Wellington slides out of spring below 2022 20th October 2023 /

Weekly hotel results: Wellington slides out of spring below 2022

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.


Domestic demand strong for hotels, but more internationals needed – HTL  19th October 2023 /

Domestic demand strong for hotels, but more internationals needed – HTL 

Demand for hotel rooms is holding up among domestic visitors but operators could do with more international bookings, says Horwath HTL.


Weekly hotel results: Auckland occupancy steady, ADR dragging 13th October 2023 /

Weekly hotel results: Auckland occupancy steady, ADR dragging

Occupancy across New Zealand’s largest hotel market has fluctuated in spring between 60% and 75%, according to figures from STR.


AHICE: The “extremely cost prohibitive” challenge for NZ hotel investment 12th October 2023 /

AHICE: The “extremely cost prohibitive” challenge for NZ hotel investment

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.