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Press Release Markets & Performance

New Zealand Tourism and Hotel Market Overview

The performance of the New Zealand hotel industry is improving strongly, with record occupancies and room rates currently being achieved. The outlook for continuing growth in hotel demand is strong, especially in New Zealand's main visitor destinations. There is a need for new hotel investment, especially in Auckland and Queenstown, and the various hotel projects which are under development and currently planned will not provide sufficient...

Horwath HTL
New Zealand

The performance of the New Zealand hotel industry is improving strongly, with record occupancies and room rates currently being achieved. The outlook for continuing growth in hotel demand is strong, especially in New Zealand's main visitor destinations. There is a need for new hotel investment, especially in Auckland and Queenstown, and the various hotel projects which are under development and currently planned will not provide sufficient new rooms to meet expected demand. But, although room rates are rising reasonably strongly, New Zealand room rates are generally cheap by international standards, and not yet high enough to make most new hotel projects financially viable.

About Horwath HTL

Horwath HTL is focused one hundred percent on hospitality, tourism, and leisure consulting. Our services cover every aspect of hotel real estate investment, tourism, and leisure development. Our clients choose Horwath HTL because we have earned a reputation for impartial advice that will often mean the difference between failure and success. Each client project is unique, and they rely on us to utilize the experience we have gained throughout our 100-year history to assist them in achieving their goals. Being a global firm with 52 offices in 40 countries, we have successfully carried out over 40,000 assignments for both public and private clients. As part of the Crowe Global network, a top-ten accounting, and financial services network, Horwath HTL is the number one choice for companies and financial institutions looking to invest and develop in the industry.

For more information, please visit www.horwathhtl.com.

Media Contact

Sophie Rayner

Global Marketing Manager [email protected]

Markets & Performance Markets & Performance Asia Pacific New Zealand
Horwath HTL
Consultant

At Horwath HTL, our focus is one hundred percent on hotel, tourism and leisure consulting. Our services cover every aspect of hotel real estate, tourism and leisure development. Our clients choose us because we have earned a reputation for impartial advice that will often mean the difference between failure and success. Each project we help is different, so we need all of the experience we have gained over our 100-year history.