Stephen Hamilton of Horwath HTL New Zealand has written the next in our series of Special Market Reports, focusing on New Zealand’s tourism and hotel market.
‘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.‘
Stephen jointly established the specialist tourism and leisure consulting practice, Horwath HTL (formerly Horwath Asia Pacific Limited) in 2002. With thirty years consulting experience in the New Zealand tourism industry, Stephen has also undertaken engagements in Australia, Fiji and the Cook Islands.
Stephen’s enthusiasm and in-depth knowledge of the New Zealand tourism industry adds value for clients, by providing a well-balanced and sound approach to their specific needs and assisting clients to progress their business with quality information for decisions and strategies.
Stephen assists lenders, investors, funding sponsors, and purchasers/developers in both the public and private sectors, with the ability to quickly ascertain what financial and market analysis or research will be of most benefit.
Stephen’s service lines include market demand analysis, financial feasibility analysis, market research, economic impact analysis and strategy development.